Parties to a Mortgage loan of funds Owner-Debtor Creditor-Lender - PowerPoint PPT Presentation

Parties to a Mortgage loan of funds Owner-Debtor Creditor-Lender Borrower (“Mortgagee”) (“Mortgagor”) “Security Interest” (SI) in real property

Parties to Note and Deed of Trust Loan of Funds Owner-Debtor Creditor-Lender Borrower (Beneficiary) (Trustor) Security Interest in Legal Real Property Title Trustee Upon default, Creditor exercises rights to take property

Two-Party Secured Transaction Loan or Sale of Goods on Credit Seller-Lender Borrower-Debtor “Secured Party” “Security Interest” in the Goods and/or other personal property of Debtor

Three-Party Secured Transaction Sale of Goods Buyer-Debtor Seller “Security Interest” in the Goods Loan of Funds $$$ Lender-Creditor “Secured Party”