

To be fair, it was common then, so it wouldn’t have seemed shady.
It does, sure. It helps to understand that the debt is separate from the property, same as if you borrowed $20 for lunch—it feels a lot different from your friend buying you lunch, but it doesn’t feel like your friend owns your lunch until you repay them, either.
With real estate especially, once the property begins to require your attention and money, you begin to feel that ownership more acutely. The bank has no idea when the gutters need to be cleared or there’s a drainage issue. They’re concerned only with the loan.
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When you take out a loan/mortgage, the bank does not own the property you purchase with those funds. You own the property, and you use it essentially as collateral to secure the loan. (It’s considered a lien.) The bank can take ownership of the property if you violate the terms of the agreement, typically by failing to pay what you owe, but the bank doesn’t own the property.
Huh! Weirdly, it was definitely pronounced ad-VER-tiz-mint on a lot of the '70s UK TV shows we imported to the US in the '80s. Britain is a big place, though, in terms of dialects, so you and your great granny don’t necessarily rule it out for everyone. Out of curiosity, do you then shorten it to ad or advert?
People must not know. #4 is where it’s at.