What is a debt secured by real property called?

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Multiple Choice

What is a debt secured by real property called?

Explanation:
The debt secured by real property is secured through a mortgage. A mortgage is a security interest created when the borrower signs an agreement to repay a loan and the lender takes the property as collateral. It creates a lien on the real property, giving the lender the right to foreclose and have the property sold if the borrower defaults. This is different from a bequest, which is a gift of property left in a will, and from a deed, which is the instrument that transfers title. A lien is the broader concept of a claim against property, while a mortgage is the specific instrument that ties a loan to real property as security.

The debt secured by real property is secured through a mortgage. A mortgage is a security interest created when the borrower signs an agreement to repay a loan and the lender takes the property as collateral. It creates a lien on the real property, giving the lender the right to foreclose and have the property sold if the borrower defaults. This is different from a bequest, which is a gift of property left in a will, and from a deed, which is the instrument that transfers title. A lien is the broader concept of a claim against property, while a mortgage is the specific instrument that ties a loan to real property as security.

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