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Chapter 6-10

Teacher: Chel
Horizontales
When a purchaser of real property takes over the seller's loan
Legal presumption that charges a person with notice of all title matters that can be discovered from an inspection of the real property or an examination of public real property records
Title to real property that is free from doubt
Alphabetical list of the county real property records that lists the last name of all people who acquire real property
Person who buys real property in good faith
Party to a promissory note to whom a promise to pay money has been made
Party fails to pay an obligation or debt
An action brought by a lender or holder or a mortgage, deed of trust, or security deed on real property for the purposes of obtaining payment of the debt once the borrower has defaulted
Owner of real property as shown on the deed
A person who signs a written agreement promising to ay the debt of another person
Written instrument that transfers ownership of real property
Debtor or person who gives a mortgage
Charging an interest rate in excess of the maximum rate permitted by law
Verticales
Deed wherein the grantor covenants and warranty only against lawful claims
Deed containing complete and full warranty of title
An amendment to a title insurance policy that generally modifies existing coverage
Lender or person whom receives a mortgage
Part to a promissory note who promises to pay money to another
Review of real property records to determine ownership of real property
A written promise to pay another person a specific amount of money on a date certain or on demand
Legal document that creates an encumbrance on real property
Policy of title insurance that insures the buyers title to real property
An already existing mortgage does not have liability for the payment of the debt
Third party appointed to take possession of real property and care for it
Claus in a deed that indicated the exact estate in real property that is being conveyed
Legal right of a property owner to buy his property back after a foreclosure
Legal document that obligates someone to pay the debt of another
The owner of a promissory note