Mortgaged Property

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January 1, 1 6 min read Definitions

Mortgaged Property Real Estate Security Loan Repayment Mortgage Due-on-Sale Clause Closing Borrower Lender

Mortgaged Property refers to real or personal property that has been pledged as security for the repayment of a loan. This secured asset is usually real estate property, where the borrower retains ownership while the lender holds a legal claim until the debt is repaid in full.