Examlex
When developing a communication for those who may not be comfortable with your language,what could make the communication easier to understand for the receiver?
Existing Mortgage
A mortgage that is currently in place on a property, affecting its sale, transfer, or refinancing.
Mortgagor
An individual or entity who borrows money to purchase property and pledges that property as collateral for the loan.
Oral Agreement
A verbal contract between parties that is legally binding, although harder to prove than a written agreement.
Statute of Frauds
A legal principle requiring certain types of contracts to be written and signed to be legally enforceable.
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