Buyer purchases real estate "subject to" the existing mortgage; she will have to pay the mortgage debt if the mortgagor does not.
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Q7: To shut off the owner's interest in
Q8: A strict foreclosure gives the creditor a
Q9: The refusal of lenders to make loans
Q10: A mortgagee (e.g., a bank) cannot assign
Q11: A mortgage is a security in which
Q13: A mortgage is a conditional conveyance of
Q14: A deed of trust is a conditional
Q15: The acceleration clause provides that if a
Q16: Recording a lien against real estate does
Q17: The official filing of a legal document,
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