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There are two parties to a mortgage: the mortgagor (the borrower) the mortgagee (the lender).
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Classroom Contents
Real Estate Test Prep Webinar - Mortgage vs Trust Deed
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- 1 Introduction
- 2 Knowing the difference between trust deeds and mortgages and promissory notes
- 3 The first promissory note in the world!
- 4 What is a lien?
- 5 There are two parties to a mortgage: the mortgagor (the borrower) the mortgagee (the lender).
- 6 What security does the lender have once they give the money to the borrower?
- 7 The word "mortgage" comes from the French "mort-gage", literally death- pledge. The French peasants were working until they died for the privilege of owning a house.
- 8 Trustor Trustee Beneficiary
- 9 General Agency? Special Agency?
- 10 A general agent is authorized by the principal to perform any and all acts associated with the on- going operation of the job or business. A real estate licensee acting in the capacity of a property…
- 11 Implied agency- occurs from actions of the parties
- 12 What are the 4 essential elements of value?
- 13 Demand Utility Scarcity Transferability
