Legal Aspects
Mortgages may be legal or equitable. Furthermore, a mortgage may take one of a number of different legal structures, the availability of which will depend on the jurisdiction under which the mortgage is made. Common law jurisdictions have evolved two main forms of mortgage: the mortgage by demise and the mortgage by legal charge.
Read more about this topic: Mortgage Law
Famous quotes containing the words legal and/or aspects:
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—Philip K. Howard, U.S. lawyer. The Death of Common Sense: How Law Is Suffocating America, pp. 186-87, Random House (1994)
“It is always a sign of an unproductive time when it concerns itself with petty and technical aspects [in philology], and likewise it is a sign of an unproductive person to pursue such trifles.”
—Johann Wolfgang Von Goethe (1749–1832)