Reconveyance deed - Study guides, Class notes & Summaries

__________ occurs if the lender chooses the hazard insurance company when the borrower allows the policy to lapse. - Forced-placed insurance "APR" means? - Annual percentage rate. This is the cost of credit expressed as a percentage. A borrower is refinancing his home. How much time does Reg Z give him to change his mind? - 3 days A co-borrower whose income is used to qualify must sign the: - Mortgage and the note A deed is: - A legal instrument that conveys title to real property. A fu...

Notary practice exam questions and answers rated A+ A Notary Must only certifu a cop of a ju8rney item entry upon receipt of which of the following: a. subpoena b. court order c. written request by Secretary of State d. all of the above d. all of the above A Notary is prohibited from advertising his or her notarial services under what conditions? a. the Notary is advertising in a foreign language b. the Notary i an attorney c. The Notary is an immigration specialist d. the Not...

A commercial property was in foreclosure and after the sale, the mortgagee did not receive enough money to satisfy the note. Which of the following statements is true? - The lender can sue for a deficiency judgment against the borrower A borrower can be relieved of primary responsibility for a mortgage by finding a buyer who is willing to: - Assume the loan A broker and an owner discussed several types of listing agreements and decided upon an exclusive right to sell. The broker drafted th...

National Real Estate Exam Practice Questions 2024. Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - ANSWER Because the property deed was held by a third-party trustee instead of the lender, the trustee grants a reconveyance deed to Olivia. Warren signed a contract with the Samsons for the sale of property he didn't own. What type of contract is this? - ANSWER A par...

National Real Estate Remedial Test 2024.Olivia took out a 15-year loan secured with a deed of trust. She worked two jobs in order to pay the loan back and finally made her last payment this month. What happens now? - ANSWER Because the property deed was held by a third-party trustee instead of the lender, the trustee grants a reconveyance deed to Olivia. Warren signed a contract with the Samsons for the sale of property he didn't own. What type of contract is this? - ANSWER A party can't pr...

Notary Exam 2024 Practice Questions with Verified Answers If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writing, he may be found guilty ...

Notary Exam Practice Questions And Verified Correct Answers | Latest Update If a Notary identifies a signer through proper ID but forgets to put the information in her journal, she would be fined for? - ANSWER 750 Aaron has filed his Oath of Office and bond with the county recorder's office where he holds his principal place of business. Aaron is under oath for the duration of his commission to follow all Notary laws as a result. If Arron falsifies a statement, verbally or in writin...

ASREB Exam Practice Questions and Answers types of loans - Correct Answer ️️ -FHA loan, Conventional loan, VA loan FHA loan - Correct Answer ️️ -MIP (Mortgage Insurance Premium) Two types (Upfront and Monthly) Conventional loan - Correct Answer ️️ -PMI (Private Mortgage Insurance) Drops off automatically at 78% loan to value (LTV) Ask for removal at 80% loan to value VA Loan - Correct Answer ️️ -Funding Fee based on value USDA loan - Correct Answer ️️ -loan is zero do...

A Proof of Execution May Be Performed on a Ans: Deed of Reconveyance Notario Public or Publico Ans: Suspended for a period of not less than one year or revoked on the second offense Notary may use his commission Ans: To notarize for veterans Notaries obtain their seal from Ans: Approved Vendors of Manufacturers Why are two witnesses for signature by mark necessary Ans: To view making or acknowledging the mark Expired California Driver's license was issued 52 months before presentati...

Superior Real Estate School: Study for Retake Pre-Licensing Course Exam and Final Exam Questions and Answers 100% Verified 2024 Designated agency in North Carolina is considered: I. A form of dual agency II. Mandatory if you practice dual agency A. I only B. II only C. Both I and II D. Neither I nor II Answer- A. I only Designated agency can be practiced: I. Between two firms II. Between a broker-in-charge and a provisional broker licensee in their office A. I only B. II only...