Term of the Week - Mortgagee VS Mortgagor
Term of the Week - Mortgagee VS Mortgagor
Mortgagee
One to whom a mortgagor gives a mortgage to secure a loan or performance of an obligation; i.e., the lender under a mortgage.
Mortgagor
One who gives a mortgage on his or her property to secure a loan or assure performance of an obligation; i.e., the borrower under a mortgage.
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