Roark, Bill; Roark, Ryan
June 2006
Concise Encyclopedia of Real Estate Business Terms;2006, p135
Reference Entry
A definition of the term "secured lender" is presented. It refers to one whose mortgage is secured by the borrower, the real estate, or some other form of collateral. Other assets such as stocks, mutual funds or even savings accounts can be required by the lender from the borrower as additional security. In rem loans, often called nonrecourse loans, are secured only by the real estate purchased and do not carry any other form of security for the lender.


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