PA Real Estate Unit 11: Alienation clause Recording Mortgages

PA Real Estate Unit 11: Alienation clause & Recording Mortgages

Flashcards The priority of mortgage liens may be changed by the

______.

execution of a subordination agreement- To be valid, a subordination agreement must be signed by both lenders.The mortgage document must be recorded in the ______ in which the real estate is located.recorder's office of the county ______ gives constructive notice to the world of the borrower's obligations.recording . Land contracts that involve a ______ also limit the assumption of the contract.due-on-sale clause What is an alienation clause?The clause in a mortgage that states that the balance of the secured debt becomes immediately due and payable at the mortgagee's option if the mortgagor sells the property