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Dan Schwartz Realty, Inc.

1715 W. Northern Ave, Ste 100

Phoenix, Arizona 85021

Bus: 602.274.8322

Fax: 602.274.8357

© 2005 Aaron F. Shephard

Scottsdale AZ Real Estate - Phoenix AZ Real Estate

Aaron Shephard, REALTOR, e-Pro   Mbl: (480) 980-2893

Anna Shephard, REALTOR   Mbl: (480) 980-4262

THINGS YOU NEED

TO KNOW (coming soon)

Mechanics Lien: A lien created by statute for the purpose of securing priority of payment for the price or value of work performed and materials furnished in construction or repair of improvements to land, and which attaches to the land as well as the improvements.

Mortgage: (1) To hypothecate as security, real property for the payment of a debt. The borrower (mortgagor) retains possession and use of the property. (2) The instrument by which real estate is hypothecated as security for the repayment of a loan.

Mortgagee: The party lending the money and receiving the mortgage.

Mortgagor: The party who borrows the money and gives the mortgage.