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For those of you who do not know, a Portland Mortgage is a term used to designate a debt instrument which is secured by a collateral of specified real estate property that the person who wishes to buy the property to be purchased is obliged to pay back. In simpler terms, this ‘liens against property’ or ‘claim on property’ is used by buyers of real estate houses in order to raise money to purchase the properties they want or to use the funds in other purposes.

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