Wa Real Estate Fundamentals Chp. 10

Front 1

A provision in loan docs that gives the lender the right to demand immediate payment in full if the borrower defaults

Back 1

Alienation Clause

Front 2

provision in a security instrument that gives the lender the right to accelerate the loan if the borrower transfers the property also known as due on sale clause

Back 2

Acceleration Clause

Front 3

2 interest rates controlled by the fed that have an effect on market interest rates

Back 3

Discount rate and federal funds rate

Front 4

When the narrower agrees to take on the personal liability for repayment of the existing mortgage or deed of trust

Back 4

Assumption

Front 5

Provision giving the borrower the right to regain title to property when debt is repaid

Back 5

Defeasance Clause

Front 6

Releasing property from lien , from mortgagee to mortgagor

Back 6

Satisfaction of Mortgage

Front 7

Document the trustee give the trustor

Back 7

Deed of reconveyance

Front 8

In a non-judicial forclosure, the borrower is entitled to ...

Back 8

Reinstatement of the loan