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Articles Posted in Tag: mortgage

What is a Joint Mortgage? (Civil Code § 2951)
Underwood Law Firm, P.C.

A joint mortgage is a mortgage taken out by multiple people. Usually, a mortgage is secured on a property by the people who own it. However, with a joint mortgage that does not necessarily have to be the case. A joint mortgage may be held by someone who is not on the title for...

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What is the difference between a deed of trust and a mortgage?
Underwood Law Firm, P.C.

Civil Code section 2924 states that “every transfer of an interest in property, other than in trust, made only as a security for the performance of another act, is to be deemed a mortgage.” The “other than in trust” portion of the statute refers only to express trusts, however, because “under a deed of...

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