Questions) & Complete Answers 2025.
Title Theory lender owns, borrower has equitable title
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pledging property as collateral for a loan without giving up possession
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Hypothecation 2 Mortgagor
3 section 4 market value
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Terms in this set (140)
Hypothecation pledging property as collateral for a loan without giving up
possession
Mortgagee Lender
Mortgagor borrower
Non Judicial foreclosure *CO: Public trustee has power to foreclose
1.Lender complains 2. Notice given 3. trustee sells after 125
days
, Strict foreclosure No sale.
Full legal title given to lender, loss of equity for borrower
Judicial foreclosure done through courts in *Title Theory states
Conversion illegal use of entrusted money
Comingling mixing client monies or mixing with personal monies
Express Agency Actual, formal written agreement establishing terms and
conditions
Gross Income Multiplyer =sale price/gross ANNUAL income large
rental or commercial property
Government deed Police power
limitations eminent domain
taxation escheat
Private deed limitations deed restrictions
mortgages leases
easements
Tennancy at Sufference tenant has remained past lease terms can be
evicted
Township squares 6x6 mi wide squares
No specific duration but notice must be given ex.
Periodic Tenancy
week to week, month to month
Tenancy for years specific time limit
no notice to vacate unless written in
Terminating an estate eminent domain
voluntary alienation
adverse possession
Eminent domain right of government to acquire private property for public use