Lender owns - Study guides, Class notes & Summaries

Well-structured MAC3703 Assignment 2 (ANSWERS) Semester 2 2023 ()- DISTINCTION GUARANTEED (DETAILED ANSWERS - DISTINCTION GUARANTEED!). QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for more than 20 years, ...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

Delaware Real Estate Law Final Exam Questions and Answers Loan to Value Ratio - Answer️️ -Amount of the loan vs value of real estate Who is the Devisee under a Will? - Answer️️ -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 - Answer️️ -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 ...

NC Life Insurance Practice Exam Questions With 100% Correct Answers 2024 All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. answerc) Writing North...

AIC 301 - Final Exam Prep Questions And Answers 100% Verified The act of leaving a dangerous article such as a gun or car with a person who the lender knows, or should know, is likely to use it in an unreasonably risky manner is known as Select one: A. Negligent entrustment. B. Contributory negligence. C. Negligent supervision. D. The dangerous instrumentality doctrine. - answerA. Negligent entrustment. There was a large unmarked sinkhole on Charlotte's property, a short distance from ...

Title Theory (Ans- lender owns, borrower has equitable title Hypothecation (Ans- pledging property as collateral for a loan without giving up possession Mortgagee (Ans- Lender Mortgagor (Ans- borrower Non Judicial foreclosure (Ans- *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure (Ans- No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure (Ans-...

mortgage Broker - Answer- Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - Answer- Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - Answer- Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at their own risk Origination - Answer- The process of creating a new mortgage loan U...

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...

WGU C428 Financial Resource Management in Healthcare Questions and Answers Already Graded A Finance within a healthcare organization can be condensed into the "four Cs": Costs Cash Capital Control The finance department manager who handles capital acquisition, investment management, and risk management activities Treasurer The finance department manager who handles accounting, budgeting, and reporting activities. Comptroller The head of the finance department holds the title of chief financ...

MAC2602 Assignment 2 (COMPLETE ANSWERS) Semester 1 2024 (703803) - DUE 2 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9............ Question 1 Correct Mark 2.00 out of 2.00 QUIZ Which ONE of the following is NOT a strategic aim of corporate governance? (a) To reduce costs within the organisation to boost short-term profi tability. (b) To improve investor confi dence in the organisation. (c) To increase the organisati...