Brand: Spalding. Enjoy a game of hoops anywhere, anytime with this portable basketball system from Spalding. It's a great way to practice and play basketball with your friends and family. The hoop is easily adjustable, allowing you to change the height to accommodate players with varying ages and abilities. It...
A mortgagor is an individual or company who borrows money to purchase a piece of real property. By granting the lender an interest in the property, which allows it to lend the funds with an accurate assessment of risk, the mortgagor provides the lender with a guarantee for the full repayment of the loan. Also known as a chargor.
A mortgage creates a lien on the Mortgagor's property and that serves as security for the loan. The mortgage is between the borrower and the lender. While in a Deed of Trust, a lien still exists and serves the same function; however, a third party called the Trustee is also involved. The neutral third party will hold the title temporary for the Beneficiary (the lender), until the loan is fully paid.