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Business LibreTexts

12: Mortgages and Nonconsensual Liens

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  • Learning Objectives

    After reading this chapter, you should understand the following:

    1. The basic concepts of mortgages
    2. How the mortgage is created
    3. Priorities with mortgages as security devices
    4. Termination of the mortgage
    5. Other methods of using real estate as security
    6. Nonconsensual liens