Consumer Law

Consumer Guide On Difference Between Note And Mortgage

By M. Stan Herring

I have published a short consumer guide here that explains the difference between a "note" and a "mortgage" in the context of an Alabama Foreclosure.

Basically the Note is the debt - the amount you owe and it tells us who you owe the debt to while the Mortgage is the thing that ties the debt to your home - that makes the debt secured rather than unsecured.

I will be publishing additional guides under my Avvo profile on a variety of consumer issues.

If you would like more information on foreclosures, please check out our articles The Three Stages Of Foreclosure In Alabama and Wrongful Foreclosures In Alabama.

If you have further questions or concerns, feel free to contact us through our website or by calling 205-879-2447.

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Full post as published by Alabama Consumer Blog on May 02, 2010 (boomark / email).