The Best Crossword Puzzle Maker Online
Powered by BrightSprout
Save Status:
or to save your progress. The page will not refresh.
Controls:
SPACEBAR SWITCHES TYPING DIRECTION
Answer Key:
Edit a Copy:
Make Your Own:
Crossword Word Search Worksheet
Rate This Puzzle:
Log in or sign up to rate this puzzle.

Instruments of Real Estate Finance

Real Estate Finance Chapter 6
Across
A seller, usually under the terms of a land contract
Reglation to a lesser position, usually in respect to a right or security
A lender in a mortgage loan transaction
A buyer, usually under the terms of a land contract
A lien junior to the first mortgage or deed of trust
Charging interest at a higher rate than the maximum rate established by state law: Texas limit is 18%
The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately if the borrower defaults on an installment payment or other obligation
A lien placed on the property without the consent of the property owner
Principle in which the mortgagor conveys legal title to the mortgagee (or some other designated individual) and retains equitable title and the right of possession. In effect, because the lender holds legal title, the lender has the right to immediate possession of the real estate and rents from the mortgaged property if the mortgagor defaults
A lien placed on property with knowledge and consent of the property owner
A lender in the deed of trust loan application
Down
A borrower in a mortgage loan transaction
In a deed of trust, authorizes the trustee to proceed with the sale of the property
Money borrowed on accumulated equity
Substituting a new obligation for an old one or substituting new parties to an existing loan
A clause in a junior mortgage allowing a borrower to replace an existing first mortgage without disturbing the status of the junior mortgage
Words in a deed of conveyance that state the grantor's intention to convey the property at the present time
A clause in a mortgage or trust deed that provides for a penalty to be levied against a borrower who repays a loan before a specified due date
Anything - such as a mortgage, tax, or judgement lien; an easement ; a restriction on the use of the land
Some states interpret a mortgage as being purely a lien on real property. The mortgagee thus has no right of possession but must foreclose the lien and sell the property if the mortgagor defaults. (Practiced in Texas)
A financing instrument that states the terms of the underlying obligation, it is signed by its maker, and in negotiable (transferrable to a third party)