When money is borrowed to purchase real estate, the lender requires the mortgagor to sign a note. The mortgagor must fulfill one or more obligations as owner and borrower. The obligations can include paying principal and interest of the mortgage, paying municpal realty taxes, maintain adequate insurance to protect the property, and maintaining the property in good order and other duties. As long as the obligations are fulfilled and payments are on time, the mortgagor owns the property free and clear.

 

 

*******************************************************************************************

 

Contact me to find out more about Toronto Modern Real Estate or acquiring a Hive Modular home.


Anne Lok Sales Representative, Homelife/Realty One Ltd. Brokerage
Tel: 416-922-5533 | Mobile: 416-799-9632
www.annelok.com

 

Toronto Modern Homes and Condos

 
Twitter Latest tweet: Focus on creativity and ingenuity>> Hive Modular now available in Toronto. http://t.co/WMJIpI7m http://t.co/jPcliiFA Follow @urburbia  Reply  Retweet   08:48 Mar-14
Find Anne Lok at Urburbia on Google+
 

 

Toronto neighbourhoods

 

0 Comments on What is the responsibility of the mortgagor?

Login or register to leave a comment
 
Hlann_48 Rainmaker_large

Anne Lok

Anne Lok

Toronto, ON

More about me…

Homelife Realty One Ltd.

Address: 501 Parliament Street, Toronto, ON, M4X 1P3

Office Phone: (416) 922-5533

Email Me

Design Focused Urban Real Estate


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find ON real estate agents and Toronto real estate on ActiveRain.