Group 6 Project

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Across
  1. 3. the linkage of property ownership that connects the present owner to the original source of title (three words)
  2. 5. the relationship between the amount of money a lender is willing to loan and the lender’s estimate of the market value of the property that will serve as security (three words)
  3. 7. regular equal payments for the life of the loan; each payment includes both interest and principal repayment (two words)
  4. 8. a complete historical summary of all recorded documents affecting the title of a property (three words)
  5. 9. money that accompanies an offer to purchase (three words)
  6. 13. what do you have to have at a public auction?
  7. 14. combines the interest rate with the other costs of the loan into a single figure (one word)
  8. 15. knowledge based on what one has seen, heard, read, or otherwise observed (two words)
  9. 17. a written agreement that, although it does not follow the form of a regular mortgage, is considered by the courts to be one (two words)
  10. 18. a formal declaration by a person that he/she, in fact did sign the document (one word)
  11. 21. any loan that has a final payment larger than any of the previous payments (two words)
  12. 22. used to permit the lender to demand the balance be paid in full immediately (two words)
  13. 23. a contract between a borrower and lender; also referred to as a real estate lien note (two words)
Down
  1. 1. another name for junior mortgage (two words)
  2. 2. A formal declaration by a person that they did in fact sign the document
  3. 4. a warranty deed with a reconveyance clause (title returned to borrower once loan is paid) (two words)
  4. 6. the linkage of property ownership that connect the present owner to the original source of title (three words)
  5. 10. the recording of every instrument (document) by which an estate, interest, or right in land is created, transferred, or encumbered (two words)
  6. 11. notice given by the public records and by visible possession (two words)
  7. 12. the amount of credit or principal provided to the borrower (two words)
  8. 16. Used to express the mutual intention to buy, sell, lease, develop, or invest (three words)
  9. 19. a three-party arrangement consisting of the borrower (the trustor), the lender (the beneficiary), and a neutral third party (a trustee); also known as a trust deed (three words)
  10. 20. promise to issue a title policy contingent on actions (two words)