The provisions of foreclosure comparative study jurisprudence

Abstract

Mortgage: An agreement between two parties, provided that it is made in accordance with a legal contract, in which the first party is granted its own ownership to the second party, with the first party retaining ownership under certain conditions in exchange for a payment from the second party. The foreclosure ends upon the first party's repayment of the money, based on a period of time to be agreed upon. If the money can not be returned, the second party has the right to dispose of the ownership of the first party by selling it or investing it to obtain its financial amount.• The mortgage, like the rest of the contracts, consists of two pillars: the formula, the contract, the mortgage, and the mortgage• The way in which the foreclosure occurs, such as: to say the current, the mortgagee, you mortgaged you for the debt you will give him, and the current answer: affirmative, acceptance, and not necessarily the formula is fixed by a certain text, but can happen agreement Between the two parties of the mortgage, in the manner that indicates the occurrence of the mortgage contract is the thing that will be mortgaged, in exchange for access to debt, and has a set of conditions that must be characterized by: which he described as an eye, anything not invested, no benefit, He says to the current mortgagee, you have mortgaged my house to live. The mortgagor accepts the sale, such as: land. To be complete, for example: it is not right to pledge a piece of land, but must be mortgaged all.• The mortgage is the debt that the current person obtains from the mortgagee against the mortgage and has a set of conditions that must be characterized by it. It cannot be guaranteed money, ie, against purchase contracts. It may not be unsecured money, such as: financial deposits The debt should be fixed money. It is not permissible to have money that is spent on daily expenses. To be clear value to the present, and the mortgagee.