Ch13 R.E. FINANCE Flashcards
1
Q
Mortgage
A
A document which shows a debt is owed which creates a lien on Real Property
2
Q
Mortgagee
A
Lender
3
Q
Mortgagor
A
Borrower
4
Q
Mortgage Loan
A
The borrowed finds from the lender
5
Q
Hypothecate
A
To make property the security for a loan (collateral) without giving up possession of the property, as with a mortgage.