Commitments differ from sales. In case of sale, both ownership and ownership of real estate are definitively transferred to the buyer. In a pledge, only possession passes to a second part. The first party retains ownership of the property in question, while the second party takes possession of the property until the conditions of the contract are met. The second party must also have a right of pledge – or a legal right – in the property in question. If the conditions are not met, the second party can sell the property to pay the debt. Any excess gain from the sale must be paid to the debtor or the first party. However, if the sale does not meet the amount of the debt, legal action may be necessary. The main difference between Roman law and English law is that certain things (for example.B.
Clothing, furniture and tillage instruments) could not be mortgaged under Roman law, while there is no such restriction in English law. In the event of seizure, a particular property is transferred to the pledge creditor, which allows him to maintain legal action against a criminal, but the general ownership, i.e. the property that is subject to the deposit, remains in the hands of the pledge holder.  A mortgaged asset is valuable asset transferred to a lender to insure a liability or loan. A mortgaged asset is a guarantee held by a lender in return for the granting of credit. Mortgaged assets can reduce the down payment usually required for a loan and reduce the calculated interest rate. Mortgaged assets may include cash, stocks, bonds and other stocks or securities. But if he doesn`t pay, she can sell him to pay off her debts. The borrower must continue to report and control all income he receives from mortgaged assets.
However, since they were not required to sell their portfolios to pay the down payment, they will not enter a higher tax income class. The borrower retains ownership of the assets and earns and continues to earn interest or capital gains on those assets….