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Chapter 8 - Financing Real Estate (Law of Contracts)

Across
An example of a __ lien would be a mortgage loan because the property owner is choosing to take out a loan.
A __ lien is one placed against any and all real and personal property owned by a particular debtor.
A __ lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.
To pledge property as security for an obligation or loan without giving up possession of it.
Deed of __ - An instrument used to create a mortgage lien by which the borrower conveys title to a trustee, who holds it as security for the benefit of the note holder (the lender).
A lender in a mortgage loan transaction.
A loan used to purchase a home, land, or other types of real estate.
Down
Lis __ is a term used to give public notice that a mortgaged property will soon be available for acquisition due to mortgage default and that a suit will be taking place.
A borrower in a mortgage loan transaction.
A financing instrument that states the terms of the underlying obligation, is signed by its maker, and is negotiable (transferable to a third party).
Money that is given to another party with the agreement for repayment in the form of principal plus interest.
An example of an __ lien would be a judgment lien as the result of a lawsuit.