Property 2 > Essentials > Flashcards

Essentials Flashcards

(7 cards)

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1
Q

Mortgagor

A

Buyer/ Borrower

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2
Q

Mortgagee

A

Lendor/ Creditor

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3
Q

Grantor/Vendor

A

Seller

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4
Q

Grantee/Vendee

A

Buyer

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5
Q

Real Estate Contract

A

(1) Contract Signing day
(2) Executory period
(3) Settlement Day

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6
Q

Settlement Day

A

The day that a contract will be executed and when parties will tender.

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7
Q

Executory Period

A

(1) The time between contract signing and settlement day

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Property 2
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