A mortgagor finances the purchase of property,holds title to it until it is paid for,and can take possession in the event of default.

Name: A mortgagor finances the purchase of property,holds title to it until it is paid for,and can take possession in the event of default.
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The mortgagor is the borrower in a mortgage agreement who actually holds the title to the property and makes payments on the loan. If they default, the lender (mortgagee) can take possession.

A Mortgagor Finances the Purchase of Property,holds Title to It