Security Instrument | Propertylogy

Security Instrument

By on November 10, 2018

A security instrument is a generic word used to describe an interest in property creditors have that allows them to sell it upon default of the agreed obligation between the parties involved.

This is most commonly observed in a mortgage where the property in question is a security instrument for which a security interest is created.

Depending on the geographic area, this might be referred to as a a security deed or trust deed.

Should a borrower default on the mortgage loan debt, the lenders will have the legal right to foreclose the property, which is the security instrument, in order to pay themselves.

The debtor however, will usually have opportunities for recourse along the process.

Support us on Patreon

You May Also Like...

hair1 eye1 abs1
View the latest and lowest Singapore Home Loan rates
Why friends look forward to your FAILURE
Hiring a competent agent
Best EVER excuses for being late to work

Investors and homeowners receive our newsletters. Subscribe to our list.

Get More Real Estate Knowledge & Insights From Our Newsletters

Enter your email below

Send this to a friend