100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Bob Brooks National Transfer Of Title Exam Questions and Answers 100% Accurate $10.09   Add to cart
Quickly navigate to
Preview
  2.  
  3. Bob Brooks National Transfer Of Title
  4.  
  5. Bob Brooks National Transfer Of Title

Exam (elaborations)

Bob Brooks National Transfer Of Title Exam Questions and Answers 100% Accurate
 7 views  0 purchase
  • Course
  • Bob Brooks National Transfer Of Title
  • Institution
  • Bob Brooks National Transfer Of Title

If conditions to purchase are involved in a deed and the conditions are violated, what happens? Select one: a. Court order for compliance. b. Property goes back to original owner. c. No change, the conditions stay the same. d. None fo the above. - ANSWER-b. Property goes back to original owner...

[Show more]

Preview 1 out of 3  pages

Document information

  • March 26, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bob brooks national transfer of title exam questio
  • bob brooks national transfer of title exam stuvia
  • after a foreclosure a lender sold the property to

Written for

  • Bob Brooks National Transfer Of Title
  • Bob Brooks National Transfer Of Title

Seller

avatar-seller
IMORA

Reviews received

Content preview

Bob Brooks National Transfer Of Title
Exam Questions and Answers 100%
Accurate

After a foreclosure, a lender sold the property to a young couple and gave them a
quit claim deed. Why was this done?
Select one:
a. It gives buyers more warranties.
b. Because it had no liens.
c. It's the best deed to give.
d. It relieves lender of future liability. - ANSWER-d. It relieves lender of future liability.

If conditions to purchase are involved in a deed and the conditions are violated, what
happens?
Select one:
a. Court order for compliance.
b. Property goes back to original owner.
c. No change, the conditions stay the same.
d. None fo the above. - ANSWER-b. Property goes back to original owner.

Evidence that you have possession but NOT ownership:
Select one:
a. Lease
b. Deed
c. Mortgage
d. Option - ANSWER-a. Lease

Prepaid taxes on a settlement statement show as:
Select one:
a. Debit to seller, Credit to buyer
b. Debit to Buyer, Credit to seller
c. Credit to seller, No entry to buyer
d. Debit to buyer, No entry to seller - ANSWER-b. Debit to Buyer, Credit to seller

In order to be valid a deed MUST be:
Select one:
a. Recorded.
b. Notarized and witnessed.
c. Signed by grantor and grantee.
d. Delivered and accepted. - ANSWER-d. Delivered and accepted.

Evidence of ownership is provided by:
Select one:
a. Option

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.09. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.09
  • (0)
  Add to cart