A second mortgage is a junior lien mortgage that is sometime used to bridge the gap between the price of a property and the sum of the first mortgage and down payment.
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Q1: A clause which specifies that the mortgagor
Q2: A mortgage is the same thing as
Q4: If a debtor,under Chapter 7 bankruptcy,is not
Q5: A clause which specifies that the mortgagee
Q8: A remainder cannot be mortgaged.
Q10: It is a federal law that a
Q10: A due on sale clause which specifies
Q12: Junior liens are eliminated by a voluntary
Q14: A technical default can result from failure
Q19: When a purchaser takes a property "subject
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