When real estate itself is used to secure a debt obligation it is evidenced by a(n):

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A mortgage is a legal document that transfers an interest in real estate property to a lender as security for a debt obligation. It provides the lender with the right to foreclose on the property if the borrower defaults on the debt. A lien, on the other hand, is a legal claim on a property that serves as collateral for a debt. However, a lien can be placed on any type of property, not just real estate. Certificate of real estate is not a widely used term, and a credit report and draft are not legal documents that secure debt obligations.

When Real Estate Itself Is Used to Secure a Debt