Understanding Liens / Lien Types for the Real Estate License Exam

Vocabulary Review

What are Liens?A lien is a legal claim on a property that gives the holder the right to seize the property if the owner fails to pay a

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Remembering the Difference Between Real Estate Vocab Ending in -ee and -or

Vocabulary Review

Vocabulary Chart Real Estate Vocab Ending in EE Mortgagee - the lender of a mortgage  Vendee - the buyer in a land contract Trustee - neutral party/holds deed

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