Lien foreclosure sale - Study guides, Class notes & Summaries

Real Estate- Maine Learning Group Study Guide Test 2024. Equitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) ...

REAL ESTATE ( AZ SPECIFIC ) EXAM QUESTIONS AND ANSWERS Arizona property taxes are based on: - Answer- Assessed value The tax rate applied to owner occupied residential property is: - Answer- 10 % What lien has priority first: - Answer- Property taxes Property taxes become a lien the first day of: - Answer- January If a property is not bid at a tax foreclosure sale: - Answer- Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Speci...

Delaware Real Estate Law Final Exam Already Passed Loan to Value Ratio Amount of the loan vs value of real estate Who is the Devisee under a Will? Devisee under will is person who receives property under a will (maker of will is devisor) What are the Requirements for a valid deed in DE The deed has to be in writing The deed has to describe property with specificity The deed must have the name of grantor and grantee The deed must be signed and must be acknowledged(notarized) What are the ad...

When a deed in lieu of foreclosure is given to a lender, which of the following is true? - correct answer Time and cost are less B buys land from W using a deed of trust as security for the carryback. B makes all the payments except the final three and is now in default. W does nothing and decides not to foreclose until later. By doing this W is exercising his right of: - correct answer Forbearance A commercial building is sold in a foreclosure for $100,000 less than the balance due the le...

Florida Real Estate Exam / Florida Real Estate Exam 2024 - 2025 with 100% correct answers GRADED A+ Samuel wants to do a 1031 exchange. He sold his investment property and has identified the property he'd like to buy next. Within how many days must he close on this property in order for it to qualify as part of the exchange? - ANS-a. 180 b. 30 c.45 d.60 a. He has 45 days to identify a property he would like to purchase and 180 days to close on it, from time of sale. In which for...

Real Estate- Maine Learning Group Equitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) National Association...

Colibri Real Estate Practice Final Exam Already Passed Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants to move to Cuban n...

When is the acceleration clause used in an agreement for sale - Answer The seller may enforse the clause by foreclosing like a mortgage When a property tax lien is sold at auction, what is the Statutory period of redemption before a foreclosure can occur? - Answer 3 yrs What will not terminate a homestead exemption? - Answer Buying another property Which of the following actions would not transfer title to real property ? - Answer New city zoning ordinance

HI state portion real estate exam Questions and Answers 100% Pass Certificate of license - Correct Answer ️️ -When applying for a Hawaii brokerage firm license, which of the following documents is NOT required? Kanaka - Correct Answer ️️ -Under King Kamehameha I's reign, the ______ initially could possess the land but couldn't legally own the land. Agreement of sale - Correct Answer ️️ -the buyer holds equitable title, and the seller holds legal title, until the loan is paid...

Land value plus current construction costs minus depreciation : Cost Approach He can refuse to rent to the tenant because of the history of violence. : A landlord discovered that a potential tenant who applied for a unit has a history of alcoholism and violence. What should the landlord do? A person has AIDS : Under FHA, It is illegal to discriminate if A judgement against a borrower if the foreclosure sale does not bring enough to pay the balance owed : Deficiency Judgment Is used w...