Examlex
Recent changes have improved Title I by
Proper Owner
The legitimate or rightful holder of property, who has legal title or claim to it.
Mortgage Transaction
A financial agreement where a borrower receives funds secured by the value of real property, which is to be repaid with interest over time.
Mortgagee
The lender or financial institution that provides the loan in a mortgage agreement.
Mortgagor
The borrower in a mortgage loan agreement, who pledges real property as security for the repayment of the mortgage debt.
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