Alternative Dispute Resolution Includes a Series of Tools,most Commonly Either

question 81

True/False

Alternative dispute resolution includes a series of tools,most commonly either mediation or arbitration,which parties in conflict can use to resolve their disagreements without going through the process of litigation.

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Definitions:

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.