An individual who borrows funds from a financial institution to purchase real property by taking out a mortgage is a mortgagee .
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Q5: Because a mortgage involves a transfer of
Q6: The loans made by companies that provide
Q7: Most liens have little practical use, because
Q8: Any loan for which repayment is ensured
Q9: Foreclosure is a process that allows a
Q11: A prepayment penalty clause helps to protect
Q12: A small-amount mechanic's lien typically stays on
Q13: Federal law provides a minimal framework to
Q14: The borrower is typically required to pay
Q15: A lender can require a borrower to
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