225ec8c8_operty_3_Flashcards___Cram_com__rding_system__Brightline_rules
A mortgage is the creation of security interest in land intended by the parties to be collateral for the repayment of a debt. Need: (1) a debt, and (2) a voluntary transfer of a security interest in debtors land to secure the debt. Typically must be in writing to satisfy the statute of frauds.
Mortgage How to create a mortgage
Real Property 3 Flashcards - Cram.com