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Chapter 2.6.
Mortgage
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What does a mortgage in the context of real estate represent?
Mcq Answers
A personal permission to use land
A security interest in real property held by a lender
A proprietary interest granted to a tenant
A right of way
The answer is B
A mortgage is a security interest in real property held by a lender as security for a loan.
What does a mortgage in the context of real estate represent?