Greg Englesbe founded his E Mortgage Management LLC in 2003, and as Chief Executive Officer of his own firm has worked to offer mortgage services to the public seeking to buy their own home. To buy and own one’s own domicile is a dream which many American citizens aspire to, and only a small percentage can afford to purchase a home outright. For the great majority of Americans, it is necessary to borrow the money for home purchase to bring their dream into reality. The business of the American mortgage has grown and adapted along with the changing values and appearance of real estate in the United States, which is a story of recession and depression. The home mortgage is the dominant loan in the United States as they pertain to property financing, wherein monies are borrowed to purchase a home in the good faith that the loan will be repaid.

Greg Englesbe works today in the property mortgage field, a component of the finance industry which originated in ancient times. An early evidence of mortgage law can be researched in the Code of Manu, a Hindu manuscript from India which condemns deceit and fraud in making home loans. Usury, the practice of loaning money and usurers, the name of those who practiced it, is condemned to the seventh circle of hell in Dante’s Inferno. Even God condemned money lending in ancient Jewish legal manuscripts. The American Law Register maintains that mortgage history is in Talmudic scripture, which was the basis for Greek and Roman concepts of mortgage lending. The Romans adapted the idea of security for loans lying in the possession of the indebted property by the creditor while the debtor controlled the property until he or she had repaid the debt. In very ancient times debtors would make a pledge to take over property before initiation of a mortgage. The mortgagor, or financier, made an agreement with the creditor to exchange property for repayment over time. The pledge died when or if the creditor could not complete the payments.

In the United States the mortgage profession of Greg Englesbe can trace its origins to maritime law.

About: The History of the Property Mortgage Industry from Ancient Times to Its American Origination in Maritime Law.

To learn more, Visit : https://disqus.com/by/gregenglesbe/