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Definition
| Person who transfers a legal right to another Mortgagee selling mortgages and notes. |
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Definition
Person to whom a legal right is trnsferred
Fannie Mae buying mortgages and notes in the secondary market |
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Definition
Party giving the deed that conveys title
Seller in a sale contract |
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Party receiving the deed and acquiring title
Buyer in a sale contract |
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Definition
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Term
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Definition
| Tenant who receives lease |
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Definition
| Person who has a claim on anothers property |
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Definition
| Person whose property is subject to a claim or charge by another |
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| Borower who gives note and mortgage to obtain a loan |
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Definition
| Lender who receives note and mortgage |
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Definition
| Buyer making an offer to purchase |
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Definition
| Seller receiving an offer to purchase, who acdcepts, counters or rejects |
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| Owner who gives an option to a buyer |
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Definition
| buyer who receives an option contract |
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Definition
| Seller in a sale contract |
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