What is a Mortgage (real estate fundamentals)

Understanding the fundamental legal concept of a mortgage, is important to properly conceptualizing, applying and deconstructing matters involving both residential mortgages and commercial mortgages. Breaking down the concept is an important first step, especially as some many of us deal with mortgages in our personal lives, as homeowners (myself included), while as a lawyer I also have to deal with the legalities of mortgages in a variety of ancillary legal matters, even though my legal work does not include purchasing and selling real estate.
Furthermore, as with most aspects involving real estate and residential mortgages, there is considerable complexity that can arise in its application with complex transactions, differences in legal jurisdictions and the specificity contained in the particular legal contracts. As such, attaining specific legal advice particular to your real estate and mortgage situation is strongly recommended, as our own legal practice does not involve the purchase and sale of real estate (residential or commercial).
Our commercial law practice does tackles the legal challenges associated with commercial mortgages, where corporate parties are adversely impacted by the difficulties in the business cycle of a commercial mortgage.
For corporate businesses seeking legal advice pertaining to a commercial mortgage or other legal matters impacting their business, contact our law firm at [email protected] or 403-400-4092.
#mortgage #realestatelaw #commercialmortgage

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