Underlying Mortgage Law and Legal Definition
Underlying mortgage refers to the first mortgage in a wraparound arrangement. A wrap around mortgage is a loan transaction in which the lender assumes responsibility for an existing mortgage.
Legal Definition list
- Underlying Lien
- Underlying Commodity
- Underlying Asset [Banks & Banking]
- Underlease
- Underinsured Motorist Coverage
- Underlying Mortgage
- Underpayment [Mineral Leasing]
- Underpayment Penalty
- Underrepresented [Education]
- Underrepresented in Areas of National Need [Education]
- Underrepresented in Science and Engineering [Education]
