Residential mortgages

The two documents behind every mortgage loan, who the mortgagor and mortgagee are, and why Florida treats a mortgage as a lien rather than a transfer of title.

What the acceleration, due-on-sale, prepayment, defeasance, escalation, subordination and release clauses in a residential mortgage do, and how to tell them apart on the exam.

Buying "subject to" an existing mortgage versus assuming it, how novation releases the seller, and Florida's deadlines for estoppel letters and for recording a release once a mortgage is paid.

How judicial foreclosure works in Florida, when the right to redeem ends, deficiency judgments, and the deed in lieu and short sale alternatives.

Fully amortized, partially amortized balloon, interest-only, and negatively amortizing loans, and what happens to the balance under each.