Real Estate Glossary

A private corporation specializing in buying and selling mortgages; "Maggie Mae".

The party who lends money and accepts a mortgage to secure the payment of the debt.

The party who borrows money and gives a mortgage on the property as security for his obligation to repay the debt.

Donations mortis causa refer to donations of disposable property by a legal will in any form. Must not impinge upon the legitime of forced heirs.

An arrangement among brokers whereby they share their listings.