In ancient medieval law, especially in Germanic law, there were two types of rights of pledge, either of property (cf. Altenglisch wed, altfranzisch gage, althochdeutsche wetti, Latin pignus depositum), that is to say, assigned a priori, or not (cf. OE bād, OFr nam, nant, OHG pfant, L pignus oppositum), that is to say seized on the due date, and the latter essentially justified the principle of seizure. This distinction persists in some systems, for example.B. French gage vs. pledge and Dutch vuistpand vs. stil pand. Reciprocal symbolic (symbolic) commitments have generally been incorporated into formal ceremonies in order to consolidate agreements and other transactions. A tripartite agreement is a business agreement between three different parties. In the mortgage sector, during the construction phase of a new housing complex or condominium complex, a tripartite or tripartite agreement is often concluded in order to guarantee so-called bridge loans for the construction itself.
In such cases, the loan agreement involves the buyer, the lender and the contracting authority. If the mortgaged securities lose their value, the lender may request additional funds. Mortgaged assets can be used to eliminate the down payment, avoid PMI payments, and guarantee a lower interest rate. Suppose, for example, that a borrower wants to buy a home worth $200,000, which requires a $20,000 $US. If the borrower has $20,000 in shares or investments, they can be mortgaged against the down payment to the bank. Generally, high-income borrowers are ideal candidates for pledge mortgages. However, the deposit can also be used for another family member to help with the down payment and mortgage authorization. The borrower transfers a mortgaged asset to the lender, but the borrower still retains ownership of the valuable property.
In case of delay of the borrower, the lender is entitled to take ownership of the mortgaged asset. The borrower retains all dividends or other income from the asset during the seizure. The main difference between Roman law and English law is that certain things (e.g.B. clothing, furniture and tillage instruments) could not be mortgaged in 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 mortgage allows the borrower to retain ownership of the valuable property. The borrower retains ownership of the assets and earns and continues to earn interest or capital gains on those assets. However, the bank would be able to seize the assets if the borrower had fallen behind in the mortgage.
The borrower continues to earn capital increase on the mortgaged assets and obtains a mortgage without down payments. Since the pledge is made in the interest of both parties, the instruction is required to exercise only the usual diligence with respect to the pledge. The pledge creditor is entitled to mortgage the pledge if the pledge creditor is not entitled to pay on the agreed date. As a result of an illegal sale, no property of a third-party buyer is guaranteed, unless it is transferred real estate such as money or negotiable securities. In all other cases, individuals must prove that they are a bona foil buyer for a (good) value, without notice (BFP). . . .