Section 14 - Financing in CA Flashcards Preview

Principle of CA Real Estate - CA License Law > Section 14 - Financing in CA > Flashcards

Flashcards in Section 14 - Financing in CA Deck (1)
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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