Escrow & Title
A NJ property owner who grants a mortgage to a lender is called the:
AMortgagee
BMortgagor✓ Correct
CBeneficiary
DTrustee
Explanation
The mortgagor is the borrower who grants (pledges) the mortgage on their property to the lender. The lender who receives the mortgage is the mortgagee.
Related New Jersey Escrow & Title Questions
- A 'chain of title' examination in New Jersey traces the history of:
- In NJ, an owner's title insurance policy protects the policyholder for:
- At a NJ residential closing, the buyer typically pays:
- In New Jersey, a title search typically goes back how many years to provide reliable title evidence?
- In NJ, the realty transfer fee (RTF) is paid by:
- A NJ property sold at a foreclosure sale requires the purchaser to be aware that:
- A title search in NJ typically covers how many years of property history?
- New Jersey is an 'attorney state' for real estate closings. This means:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →