Real Estate Finance & Investments, 16e (Brueggeman)
Chapter 4 Fixed Interest Rate Mortgage Loans
1) Inflation makes very little difference to lenders of and investors needing money.
Answer: FALSE
Difficulty: 1 Easy
Topic: Mortgage characteristics
Accessibility: Keyboard Navigation
G...
7) As compared to other types of deeds, a general warranty deed provides the most
comprehensive warranties about the quality of the title to the property.
Answer: TRUE
Difficulty: 2 Medium
Topic: Title assurance
Accessibility: Keyboard Navigation
Gradable: automatic
8) After a house is purchased, contractors cannot ask the new owner of the house to pay any bills
that were outstanding before the house was sold.
13) If a lender is to repossess or bring about the sale of a property if the borrower defaults on the
mortgage loan, the lender is said to have a ________ in the real estate.
A) Freehold interest
B) Lease interest
C) Secured interest
D) Quitclaim
Answer: C
Difficulty: 2 Medium
Topic: Property rights
Accessibility: Keyboard Navigation
Gradable: automatic
14) A(n) ________ estate represents the most complete form of ownership of real estate; the
owner is free to divide it up into lesser estates and sell, lease, or borrow against them as he or she
wishes.
A) Fee simple
B) Freehold
C) Leasehold
D) Life
Answer: A
Difficulty: 1 Easy
Topic: Property rights
Accessibility: Keyboard Navigation
Gradable: automatic
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