Examlex
In the following sequence fill in the needed reagents.
Deficiency
The difference between the amount owed on a loan and the amount recovered from selling the asset securing the loan if the latter is less.
Mortgagor
A mortgagor is an individual or entity who borrows money to purchase property and pledges that property as security for the loan.
Mortgagee's Interest
The financial interest a lender has in the property serving as collateral for a loan until the mortgage is fully repaid.
Mortgagee's Claim
A claim made by the lender or mortgage holder for payment of the outstanding loan balance from the proceeds of a foreclosure sale.
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