GA Real Estate Questions and Answers | 100% Correct Answer | Grade A+

Less than Freehold Estate Ans: a limited period of time Estate for years Ans: Lease for a definite period of time Periodic Tenancy Ans: A lease interest in land for an indefinite period involving payment of rent at fixed intervals, such as week to week, month to month, or year to year. Estat...

(Ginnie Mae) Governmental National Mortgage Association ~ Federal Agency a division of HUD. Deals primarily with financing subsidized housing for low income citizens, and high risk loans that are not marketable to other agencies. Freddie Mac ~ an independent agency that favors conventional ...

Junior Mortgage ~ Any mortgage recorded after the first mortgage . Deficiency Judegement ~ Money still owed by the borrower if the foreclosure sale does not bring in enough money to pay the debt owed Demand deposits ~ These banking deposits- such as those made to a checking or traditional ...

gross lease ~ tenant pays a fixed rent, and the landlord pays all taxes, insurance, repairs, utilities, and maintenance connected with the property constructive eviction ~ Actions of a landlord that so materially disturb or impair a tenant's enjoyment of the leased premises that the tenant...