Section 14 - Financing in CA Flashcards
1
Q
A legally binding document that creates a lien on piece of property and gives the MORTGAGEE (lender) the right to foreclose on property if the MORTGAGOR (borrower) defaults.
A
MORTGAGE
Principle of CA Real Estate - CA License Law > Section 14 - Financing in CA > Flashcards
A legally binding document that creates a lien on piece of property and gives the MORTGAGEE (lender) the right to foreclose on property if the MORTGAGOR (borrower) defaults.
MORTGAGE
Principle of CA Real Estate - CA License Law (13 decks)