225ec8c8_operty_3_Flashcards___Cram_com__rding_system__Brightline_rules
Where the specific property is collateral for the debt. Parole evidence is admissible to show the parties true intent. If a creditor sells it on, the buyer becomes the owner, the other owners only remedy is to sue for fraud and recover the proceeds of the sale. Also called deed, note, mortgage deed, sale leaseback, security interest in land.
Mortgage: the equitable mortgage
Real Property 3 Flashcards - Cram.com