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Maryland Law Review Volume 19 Issue 4Afteracquired Property as Mortgage Security in Maryland Bridgewater M. ArnoldFollow this and additional works at: http://digitalcommons.law.umaryland.edu/mlr Part
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After-acquired property as mortgage refers to property that is acquired by a borrower after the initial mortgage is taken out.
The borrower is typically required to file after-acquired property as mortgage.
To fill out after-acquired property as mortgage, the borrower must provide information about the newly acquired property and any changes to the original mortgage agreement.
The purpose of after-acquired property as mortgage is to ensure that the lender has a claim on any new property acquired by the borrower, in case of default on the original mortgage.
The borrower must report details of the new property, including its address, value, and any changes to the initial mortgage terms.
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