Posted on: 13th Apr, 2010 07:45 am
If a borrower takes out a private revolving equity line of credit in the amount of a new mortgage to fund the mortgage loan, and the equity line is secured by the mortgage, and grantor is the borrower who got the loan, if this below statement is then listed in the mortgage, what does that mean?
"the Grantor mortgage to the lender, all right, title and interest to the property."
"the Grantor mortgage to the lender, all right, title and interest to the property."
I would suggest you to contact an a real estate attorney and he would help you in understanding the statement.