Real Property or Personalty that has been pledged as Security for a loan.
Example: In order to sell mortgaged property with a Due-On-Sale Clause, the owner had to pay off the Mortgage in full at Closing.
Mortgaged Property
| Real Estate Dictionary: Mortgaged Property |
| 5min Related Video: Mortgaged Property |
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 | Mortgagee Clause (insurance term) |
| Loss Draft (insurance term) |
| equity of redemption |
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 | Selling mortgaged property? |
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Mortgagee Clause (insurance term)
- Loss Draft (insurance term)
- equity of redemption
- Right of Foreclosure (in banking)
- Reduction Certificate (business term)
- foreclosure sale
- Alienation Clause (in banking)
- Closed-End Mortgage (in banking)
- Confession of Judgment (in banking)
- Open-End Mortgage (in banking)
- Encumbered (finance term)
- Loan Package
- Deficiency (legal term)
- Deed of Trust (in banking)
