3 Questions
Who is a mortgagee?
The person who loans funds to purchase a property
What happens if a mortgagor defaults on their loan?
The property becomes the mortgagee's
Who can be a mortgagee?
Anyone
Test your knowledge on mortgagees and their role in real estate transactions with this quiz. Learn about the definition of a mortgagee, examples of who they can be, and the security they gain in the transaction. Perfect for anyone interested in real estate financing and terminology.
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