Mortgages & Loans

Mortgage - After acquired clause

Answer:

A "After acquired clause" is a contractual clause in a mortgage agreement stating that any additional mortgage able property attained by the borrower after the mortgage is signed will be regarded as additional security for the obligation addressed in the mortgage.
CPAdirectory
Answer Provided by: CPAdirectory

Share This Answer

Looking For More?

View all Mortgages & Loans Questions

View More Questions