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Parties to a Mortgage Loan of Funds Security Interest in Real Property Owner-Debtor Borrower (“Mortgagor”) Creditor-Lender (“Mortgagee”)

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Presentation on theme: "Parties to a Mortgage Loan of Funds Security Interest in Real Property Owner-Debtor Borrower (“Mortgagor”) Creditor-Lender (“Mortgagee”)"— Presentation transcript:

1 Parties to a Mortgage Loan of Funds Security Interest in Real Property Owner-Debtor Borrower (“Mortgagor”) Creditor-Lender (“Mortgagee”)

2 Parties to Note and Deed of Trust Loan of Funds Security Interest in Real Property Owner-Debtor Borrower (Trustor) Creditor-Lender (Beneficiary) Trustee Legal Title Upon default, Creditor exercises rights to take property

3 Two-Party Secured Transaction Loan or Sale of Goods on Credit “Security Interest” in the Goods and/or other personal property of Debtor Borrower-Debtor Seller-Lender “Secured Party”

4 Three-Party Secured Transaction Sale of Goods Buyer-DebtorSeller Lender-Creditor “Secured Party” “Security Interest” in the Goods Loan of Funds $$$ $$$


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