Ch13 R.E. FINANCE Flashcards

1
Q

Mortgage

A

A document which shows a debt is owed which creates a lien on Real Property

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2
Q

Mortgagee

A

Lender

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3
Q

Mortgagor

A

Borrower

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4
Q

Mortgage Loan

A

The borrowed finds from the lender

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5
Q

Hypothecate

A

To make property the security for a loan (collateral) without giving up possession of the property, as with a mortgage.

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