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15 Cards in this Set

  • Front
  • Back
A legal document executed by an owner of real estate by which the property is given as security for a payment of debt.
The seller of the property who receives the monthly payments and holds the mortgage contract as security.
The owner of the real estate. Also the borrower making monthly payments to the mortgagee.
A written document that states a promise to pay, and the terms which include the amount, interest rate and length of time.
Someone who collects and organizes information about a cash flow and presents it to an investor or buyer, usually for a profit or finders fee.
Note Finder
The person(s) currently in ownership and possession of a note and entitled to collect all its remaining payments. May not be the original beneficiary.
Note Holder
Or Deed of Trust. A deed given by the borrower to a trustee to be held pending fulfillment of an obligation. This is the security instrument which pledges the property to insure payment on the note.
Trust Deed
One who holds property in trust for another to secure the performance of an obligation. Could also be a title company or attorney.
The person who conveys property in trust. One who deeds his property to a trustee to be held as security until he has performed under the terms of a deed of trust.
The person who makes the monthly payments to fulfill the terms of a note. It is also the mortgagor with a mortgage contract or trustor with a trust deed.
Your total return on an investment over a given period of time.
The percentage ratio between the amount of the total loans on a property and the property value.
Loan To Value
The percentage ratio between the total loans on the property, less your investment cost and the value of the property.
Investment to Value
Slang for referring a note to an investor and making quick cash profits.
The person who purchases the real estate note you find.
End Buyer