Chattel mortgage - Study guides, Class notes & Summaries

McKissock Liberty University -McKissock Learning - Basic Appraisal Principles fully solved"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - cor...

"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - Answer-mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - Answer-A The public restriction on property rights that allows the government to place a lien on a p...

Colorado Car Sales Exam Questions With Correct Answers and Rationales Latest Updated 2024 (GRADED A+) The advertise price of a motor vehicle must include: Answer- Finance Charge Advertisement of rate of finance charge. If an advertisement states a rate of finance charge, it shall state the rate as an "annual percentage rate," using that term. If the annual percentage rate may be increased after consummation, the advertisement shall state that fact. If an advertisement is for credit not se...

McKissock Learning - Basic Appraisal Principles"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - correct answer A The public restriction on ...

McKissock Learning - Basic Appraisal Principles Question and answers verified to passMcKissock Learning - Basic Appraisal Principles "A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of:...

N7. The instrument that the purchaser gives promising to pay back a loan is a: A. Mortgage B. Lien C. Deed of trust D. Note - ANSWERSD. Note. The promissory note, often called the "note," is the promise made by the buyer to the lender to repay the loan. N7. Who must sign the mortgage and the note? A. Mortgagor B. Mortgagee C. Trustee D. Beneficiary - ANSWERSA. Mortgagor. The borrower is the mortgagor. Remember borrower and mortgagor. N7. Who gives real estate as security for ...

1. An acceleration clause is included in which of the following...? The mortgage Both the promissory note and mortgage The promissory note The lien: The promissory note? 2. Collateral -: Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. 3. Promissory Note -: Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulated terms. The promissory not...

Real Estate Finance AYPO Exam 2024 Real estate has been estimated to represent approximately -Answer-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. -Answer-primary Texas is a: a. Lien Theory b. Title Theory -Answer-a. Lien Theory Lien Theory -Answer-In lien theory states such as Texas, the secur...

McKissock Learning - Basic Appraisal Principles Exam Questions and Answers | 100% Verified and Updated 2024 "A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt -Answer-mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real p...

Equity The difference, in dollars, between the value of the property and the amount of financing currently on the property. Value - Financing = Equity Balloon Payment The amount repayable at the end of the term Chattel Personal property, movable property and other property not deemed to be fixtures. Equity Take-Out (ETO) The removal of equity by refinancing of the property. An equity take-out is when a borrower increases the size of their mortgage or takes out a second mortgage ...