Acceleration clause - Study guides, Class notes & Summaries

NMLS Exam Questions and Answers 100% Accurate NMLS Exam Questions and Answers 100% Accurate NMLS Exam Questions and Answers 100% Accurate NMLS Exam Questions and Answers 100% Accurate Acceleration Clause - ANSWER-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - ANSWER-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraise...

Louisiana Notary Exam Vocabulary 2024 with Complete Solutions Louisiana Notary Exam Vocabulary 2024 with Complete Solutions Louisiana Notary Exam Vocabulary 2024 with Complete Solutions abstract - ANSWER-An abstract is a history of the title to property as revealed by the public records Acceleration Clause (in a mortgage) - ANSWER-Clause used in an installment note and mortgage which gives the lender the right to demand payment in full upon the happening of a certain event, such ...

Abstract of Title - Answer- A condensed history or summary of all transactions affecting a particular tract of land. Acceleration clause - Answer- A condition in a real estate financing instrument giving the lender the power to declare all sums owing lender immediately due and payable upon the happening of an event, such as sale of the property, or a delinquency in the repayment of a note. Accession - Answer- An addition to property through the efforts of man or by natural forces. Accre...

Abstract of Title - `ANSWER The condensed history of a title to a particular parcel of real estate, consisting of a summary of the original grant and all subsequent conveyances and encumbrances affecting the property and a certification by the abstractor that the history is complete and accurate. Acceleration Clause - `ANSWER The clause in a mortgage or deed of trust that can be enforced to make the entire debt due immediately if the borrower defaults on an installment payment or another cove...

Acceleration Clause - ANSWER Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - ANSWER Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - ANSWER home valuation code of conduct Due on Demand Clause - ANSWER (Considered a predatory practice) The lender can demand repayment of the loan in ...

The element of an adjustable interest rate that is the "moving part" is the: A. Teaser rate B. Index C. Margin D. Adjustment period - correct answer B. Index Which of these aspects of a mortgage loan will be addressed in the note rather than in the mortgage? A. Late fee B. Escrow requirements C. Takings D. Acceleration E. Maintenance of property - correct answer A. late fee A lender may reserve the right to require prepayment of a loan at any time they see fit through a: A. T...

Colibri Real Estate (Missouri) Questions and Answers Graded A+ Abandonment Non-payment of taxes Absolute Auction An auction where the property is sold to the highest qualified bidder; there is no minimum bid or reserve or right of confirmation. Also called Without Reserve. Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:08 / 0:15 Full screen Brainpower Read More Abstract of Title A brief, chronological summary of the recorded documents affect...

NYREI School Exam Questions and Answers Latest Version Graded A+ What is the minimum licensing requirement to sell commercial real estate in New York? a real estate salesperson's license What is the preferred method of creating an agency relationship? expressed agency An amenity purchaser occupies or uses the purchased property Condominium units are considered _____ property and are conveyed by _____. real / deed A salesperson who is an independent contractor is not subject to withholding r...

A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 - Answer-b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not - Answer-c. gives no indication that the property is listed with a broker A borrower is required to put 10% down for the purchase of a propert...

ASREB Practice Exam Questions with Verified Answers A 3.45-acre lot sells for 50 cents per square foot. What was the selling price? a. $37,570 b. $75,141 c. $76,230 d. $78,712 b. $75,141 A blind ad refers to an ad that a. provides no price b. provides no address c. gives no indication that the property is listed with a broker d. gives no indication that the property has been sold or not c. gives no indication that the property is listed with a broker A borrower is required t...