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Foreclosure Forum
Moderated by: joel, TheShortSalePro, JohnLocke, bargain76
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Real Estate Investing Forum Index / Foreclosure Forum / Sheriff Sale-looked up deed & found ....

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Sheriff Sale-looked up deed & found ....
house2house

121 Posts  
Member Since: 05/29/2003
Fayetteville, OH
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What's My Favorites Network?		 Posted: 13:38 on 05-31-2003   
Hi,
Found property in paper for sheriff sales that interest me. Started doing homework and found in the paperwork, Open End Mortage. What is this?
Thank you,
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TheShortSalePro



3969 Posts  
Member Since: 01/29/2003
Oakhurst, NJ
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What's My Favorites Network?		 Posted: 08:20 on 06-01-2003   
An "open ended" mortgage allows for the Borrower to secure additional funds, usually stipulating a ceiling amount that can be borrowed.


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