Glossary entry

Spanish term or phrase:

Garantía hipotecaria convencional de primer grado

English translation:

first-ranking mortgage

Added to glossary by Carmen Menodza
Oct 8, 2012 04:23
11 yrs ago
18 viewers *
Spanish term

Garantía hipotecaria convencional de primer grado

Spanish to English Other Real Estate Contrato de préstamo a largo plazo
gracias

Proposed translations

4 hrs
Selected

first-ranking mortgage

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4 KudoZ points awarded for this answer. Comment: "gracias"
7 hrs

First Mortgage

I've seen this term in mortgage deed in the U.S.A.
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9 hrs

First mortgage by deed; (AmE) first deeded mortgage security interest

It's (collateral) security rather than a guaranteecf. the web ref. and convencional> contained in a contract or deed and not court-ordered, like a charging order in the UK.

Deed ('deeded' mortgage) implies land in the US, though unclear from the context whether land or goods.
Example sentence:

security of the mortgage as against them.” Patch & Co. v. First National Bank, 90 Vt. 4, 7–8. (1916). In other words, the deeded security interest in future

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