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Your colleagues at work are constantly talking about the company's vice president.He is feared throughout the organisation as a ruthless man who is not to be antagonised.It is necessary for you to bring him a report and you are very nervous about having to deal with him. One of the vice president's major bases of power seems to be:
Real Property
Legal term describing land and anything permanently attached to it, such as buildings.
Mortgagee
The lender in a mortgage loan agreement, typically a bank or financial institution.
Deficiency Judgment
A court order that holds a borrower personally liable for the shortfall when the sale of a foreclosed property does not cover the outstanding loan balance.
Sale
The passing of title from a seller to a buyer for a price.
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