Asked by
Anesia Baker
on Nov 27, 2024
Verified
Following a transfer by a lender of a right to receive payments on a mortgage, the homebuyer must continue to make those payments to the original lender.
Mortgage Payments
Regular payments made to a lender, typically composed of principal and interest, for the loan taken out to purchase property.
Original Lender
The financial institution or lender that originally provided the loan or credit to a borrower.
- Evaluate the consequences of assignments or delegations upon obligors, assignees, and delegators.
- Appreciate the significance of handing over rights or obligations on the original agreements of the concerned parties.
Verified Answer
LN
Learning Objectives
- Evaluate the consequences of assignments or delegations upon obligors, assignees, and delegators.
- Appreciate the significance of handing over rights or obligations on the original agreements of the concerned parties.