Question: The primary difference between mortgage and security deed is Mortgage specifies the collateral property and security deed transfers the title. Secunty deed creates the debt

The primary difference between mortgage and security deed is
Mortgage specifies the collateral property and security deed transfers the title.
Secunty deed creates the debt obligation and mortgage specifies the coltsterst for the debt.
Security deed assures the quality of the title and mortgage specifies the purchase terms and conditions.
Security deed can be foreclosed without going to court but mortgage must be foreclosed by the court.
The primary difference between mortgage and

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!