Let's clean up this terminology.A Mortgagee is on title since they are granted, through the security instrument (mortgage, deed of trust) an interest in the real property.  

@Cynthia Scaife,@Rob Beland,Aaron T.As a professional investor, I do not believe in banks or hml ( hard money lenders )As a professional experience, I've Never as an instrument vessel to obtain property's.

Even in "Title Theory" states, where the security instrument is a Deed of Trust the foreclosure can still be judicial.  

The purchase and sale agreements the assignment of contracts, you know the vital legal instruments needed in the transaction of real estate.

"Mortgage" is the security instrument used in ALL those loan transactions.  

Claude is one of our personal mentors/coaches for strategic selling and creative real estate, and has been instrumental in helping us enhance both our skills and mindset for success, and standing apart from other real estate professionals in our marketplace.

Is a signed note good enough, or do we need to record it as a security instrument with the county every time?  

BP was instrumental in making great contacts to get my business up and running.

You could take the money you're using to prepay the mortgage and buy other financial instruments with greater liquidity and higher yields.  

Alabama uses an instrument called a mortgage, but it legally transfers title immediately to the lender.