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pettybob1 · Joined: 07 Sep 2009 Posts: 37 0.24 Dollars($)

what Is a Residential Mortgage Transaction?

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

The money you borrow to buy a house

jenkin7 · Posted: Mon Sep 14, 2009 3:16 am Post subject:

Hi pettybob,

A residential mortgage transaction is defined as a transaction which involves a deed of trust created against a borrower's principal residence, in order to help the borrower finance the purchase of that residence.

adrianlee1971 · Joined: 13 Sep 2009 Posts: 53 -0.17 Dollars($)

Residential mortgage transaction means a transaction in which a mortgage, deed of trust, purchase money security interest arising under an installment sales contract, or equivalent consensual security interest is created or retained in the consumer's principal dwelling to finance the acquisition or initial construction of that dwelling

annyb27 · Joined: 07 Jul 2009 Posts: 144 -1.08 Dollars($)

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