Brand: Spalding. Enjoy a game of hoops anywhere, anytime with this portable basketball system from Spalding. It's a great way to practice and play basketball with your friends and family. The hoop is easily adjustable, allowing you to change the height to accommodate players with varying ages and abilities. It...
A mortgagor is an individual or company who borrows money to purchase a piece of real property. By granting the lender an interest in the property, which allows it to lend the funds with an accurate assessment of risk, the mortgagor provides the lender with a guarantee for the full repayment of the loan. Also known as a chargor.
Who is the Borrower? While title may be vested in an entity, the borrower must be a natural person who completes the loan application and whose social security number, employment, assets and credit are used to qualify for the loan. The borrower is personally responsible for the indebtedness. Who is the Mortgagor? The entity with vested title in the property is the mortgagor. The mortgagor will sign the Mortgage/Deed of Trust and any related Riders, and will be required to sign an Accommodation Rider. This type of loan works vrey well for actors and athletes and high profile borrowers who want to keep their names hidden from the public tax records.