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Gold coast chapter 12 graded A+ by experts(100% verified) 2024/2025
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Gold coast chapter 12 graded A+ by experts(100% verified) 2024/2025
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Gold coast chapter 12the instrument that contains the amount of the loan, interest rate, payment provisions, and
other terms of the loan is the blank blank - ANSPromissory note
A mortgage is a blank blank blank - ANSPledge of security
the clause in a mortgage that protects the borrowers interest and requires the lender to
acknowledge performance by the borrower is the blank clause - ANSDefeasance
The clause that allows a parcel of property to be sold free and clear of a blanket mortgage is
the blank clause - ANSRelease
a blank blank is a written agreement in which a lender agrees with the property owner to
change the priorities of liens - ANSSubordination agreement
if a borrower was in default, and the lender wish to call the entire balance of the loan due
and payable, the mortgage would have to contain a blank clause - ANSAcceleration
If a buyer where to take over the balance of an existing mortgage in such a way that the
seller remain solely responsible for a deficiency judgment, the property was sold blank blank
blank blank - ANSSubject to the mortgage
when A lender allows a new borrower to take responsibility for a mortgage and note, and
releases the original borrower from a liability for the mortgage and note, the process is called
blank blank blank - ANSAssumption with novation
when A lender is requested by a borrower to verify the outstanding balance of a loan, the
lender would give the borrower a blank blank - ANSEstoppel letter
the percentage figure borrowers must be provided with that includes all costs associated
with a loan is referred to as the blank - ANSAPR
A blank blank is a personal debt based on the promissory note - ANSDeficiency judgment
The right of a borrower to cure a default prior to foreclosure is called the blank blank blank -
ANSEquity of redemption
Foreclosure is blank of the mortgage - ANSEnforcement
A blank blank is the primary claim on a property which takes precedence over all other
subsequent or Junior mortgage claims - ANSFirst mortgage
blank is the difference between the current market value of a property and the amount the
owner still owes on the mortgage - ANSEquity
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