RE-160 Lecture Notes - Lecture 21: List Of Greyhawk Deities, Flood Insurance, Promissory Note

• School: Diablo Valley College
• Department: Business Accounting/Management/Marketing/Real Estate
• Course: RE-160
• Professor: Langager

Document Summary

Buying subject to or assuming a seller"s mortgage or deed of. Recording a mortgage or deed of trust. Priority of mortgage or deed of trust. Date of recording prioritizes mortgage in relation to other. Security instrument that come prior or later. Assignment of the mortgage release of the mortgage lien or. Requires a lender to execute a satisfaction when the note has been fully paid. Document becomes available to the mortgagor when the mortgage debt is completely paid. The borrower is the trustor under a deed of trust. The borrower gives a deed of trust to a trustee and a note to a lender, this becoming a trustor on the deed of trust and a maker or obligator on the note. Pledging property as collateral without giving up its possession. The practice of charging borrowers interest but leaving them in possession of mortgaged property until the debt is repaid. Classical roman law distinguished ownership and possession.