"under mortgage" is a correct and usable phrase in written English.
This phrase typically refers to the legal process by which a borrower obtains a loan secured by a real estate asset. For example, "We had to take out a loan and place our house under mortgage in order to pay for the car."
He also failed to push for truly bold housing reforms – such as mortgage modifications along the lines of Eric Posner's and Luigi Zingales' proposal – that would help Americans climb out from under mortgage overhangs and start consuming again.
As some of those firms will have to overinvest in capital assets to sign their contracts under mortgage, they will incur in productive inefficiencies.
Under Mortgage and Rental Assistance, disaster evacuees could get help with housing costs for up to 18 months.
Sydney police superintendent Arthur Katsogiannis told the Sydney Herald that the down under mortgage fraud racket represented a new, more sophisticated angle for bike gangs around the world.
Separately, a healthy senior relative may leave a home to heirs still under mortgage, or there could be a significant tax debt.
One of the biggest problems homeowners have today is a cryptic one-sentence response from a bank or other loan servicer that says something like "we are not responding to your [request] because it is not a proper [request]" under mortgage law, Gardner said.
Most just walked away, with some declaring bankruptcy to get out from under mortgages for trailers they could not move.
And he noted the homeowners still struggling under mortgages they can't afford, saying the bank was working to modify such loans.
The Fed and the Treasury are trying to put a floor under mortgages and bank loans.
And under the mortgage settlement, it could receive a credit.
Not paying them "would have been a default under our mortgage," he said.
