Examlex
The __________restricted corporations and unions from using television and radio ads for "electioneering communications" that refer to a candidate by name within thirty days of a primary and sixty days of a general election.
Second Mortgages
A type of mortgage taken out on a property that is already mortgaged, generally used to access home equity.
First Mortgages
A primary lien against real property that takes precedence over all other mortgages or liens, except for statutory liens.
Assumes the Mortgage
Refers to when a person takes over the obligations of a mortgage from the original borrower under the terms of the original loan.
Fee Simple
The most complete ownership interest one can hold in real property, with the freedom to use it, sell it, or bequeath it, under the laws of the jurisdiction.
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