Proponents of transmission flushing often claim 100% of the fluid is replaced. This is untrue for several reasons. When the engine is running and the transmission is in park, only a part of the fluid is circulated. A good deal of fluid simply flows from the pump back to the pan, through the pressure relief valve.
DEFINITION of 'Mortgagee'. An entity that lends money to a borrower for the purpose of purchasing a piece of real property. By accepting a mortgage on the real property, the lender creates security in the full repayment of the loan in the future.
A mortgage holder is an individual or business, typically a bank or mortgage company, who has lent you money using your home as collateral. The mortgage holder does not own the home, you are the owner of record. The mortgage holder is noted on the property record as having an interest in your home up to the amount of the loan in question. While the mortgage holder does not own your home, it can take possession if you fail to repay your obligation.