Strict foreclosure - Study guides, Class notes & Summaries
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XINNIX Flight School Exam Questions with 100% Correct Answers
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The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. Correct Answer True 
 
How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA Correct Answer 3 years 
 
What are the steps you should follow to determine the correct MI? Correct Answer LTV, term, product type, occupancy type and coverage. 
 
Typically, files that have to be manually underwritten are subject to less strict guidelines. Correct Answer ...
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COLORADO REAL ESTATE CONTRACTS AND REGULATIONS EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED/ | latest update 2024/25|
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COLORADO REAL ESTATE CONTRACTS AND REGULATIONS EXAM 
QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. 
Doctrine of Prior Appropriation: - -A theory of water law based on the principle, restated as "first in 
time is first in right" that regards the right to divert water from a water source. 
When writing a contract, you may be asked by the Buyer to use a note for earnest money. The Commission 
has created an _____________________ that you can use but most sellers will not agree to that. However,...
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XINNIX FLIGHT SCHOOL EXAM QUESTIONS AND ANSWERS
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XINNIX FLIGHT SCHOOL EXAM 
QUESTIONS AND ANSWERS 
The rate lock period for a refi, with a right of rescission, must be long enough to cover 
the rescission period. - Answer- True 
How long does a borrower have to wait to buy a home after they have had a 
foreclosure? FHA - Answer- 3 years 
What are the steps you should follow to determine the correct MI? - Answer- LTV, term, 
product type, occupancy type and coverage. 
Typically, files that have to be manually underwritten are subject to less st...
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XINNIX FLIGHT SCHOOL EXAM QUESTIONS AND ANSWERS
- Exam (elaborations) • 18 pages • 2024
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XINNIX FLIGHT SCHOOL EXAM 
QUESTIONS AND ANSWERS 
The rate lock period for a refi, with a right of rescission, must be long enough to cover 
the rescission period. - Answer- True 
How long does a borrower have to wait to buy a home after they have had a 
foreclosure? FHA - Answer- 3 years 
What are the steps you should follow to determine the correct MI? - Answer- LTV, term, 
product type, occupancy type and coverage. 
Typically, files that have to be manually underwritten are subject to less st...
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Colorado Real Estate Exam Prep Verified Answers 2024
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Colorado Real Estate Exam Prep Verified Answers 2024 
Title Theory ️lender owns, borrower has equitable title 
Hypothecation ️pledging property as collateral for a loan without giving up possession 
Mortgagee ️Lender 
Mortgagor ️borrower 
Non Judicial foreclosure ️*CO: Public trustee has power to foreclose 
1.Lender complains 2. Notice given 3. trustee sells after 125 days 
Strict foreclosure ️No sale. 
Full legal title given to lender, loss of equity for borrower 
Judicia...
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Florida Real Estate Exam 2024 Questions with correct Answers
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1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange 
 
Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase 
 
abutting - Answer- Land parce...
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XINNIX FLIGHT SCHOOL Question and answers 2023 verified to pass
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XINNIX FLIGHT SCHOOL Question and answers 2023 verified to pass 
 
The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. - correct answer True 
 
How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA - correct answer 3 years 
 
What are the steps you should follow to determine the correct MI? - correct answer LTV, term, product type, occupancy type and coverage. 
 
Typically, files that have ...
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Nevada Real Estate Exam Prep Solved 100%
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Land - Answer Surface, all natural things attached to it, subsurface, and air above the surface. 
 
Real Estate - Answer land plus manmade permanent attatchments 
 
Real property - Answer Real estate plus "bundle of legal rights" 
 
Bundle of Rights - Answer PUTEE (possess, use, transfer, exclude, encumber) 
 
Physical characteristics of real estate - Answer immobility, indestructibility, heterogeneity 
 
Immobility - Answer Land cannot be moved from one site to another, its location is foreve...
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Champions Real Estate Finance (Questions And Answers) 2024
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Champions Real Estate Finance 
(Questions And Answers) 2024 
mortgage Broker - CORRECT ANSWER-Functions as a middleman between the 
borrower and the lender, negotiating, selling or arranging loans to be delivered to large 
investors 
Mortgage Banker - CORRECT ANSWER-Provide their own funds for the purpose of 
providing mortgage financing 
Correspondent Lender - CORRECT ANSWER-Smaller in scale then mortgage bankers 
or brokers, these lenders typically extended loans with their own funds at th...
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45 Hour Post Liscensing (with Complete Solutions)
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Farming correct answers one type or style of property or one particular neighborhood 
 
residential transaction correct answers *fs 475.278 
*improved residential prop of 4 or fewer 
*unimproved prop intended for 4 units > 
*agricultural prop of 10 acres> 
*leases w/ options to purchase all or a portion of improved prop or 4 > 
 
Industrial sales or lease correct answers warehouse and manufacturing 
 
timeshare/vacation ownership correct answers *condo that is subdivided into ownership ...
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