Non judicial foreclosure - Study guides, Class notes & Summaries

Adverse fact Is a physical or environmental problem with the property, or anything that would directly negatively affect its value, which must be disclosed if known Fraudulent Act Is intentional deception in such a way as to take advantage or harm another person Negligence Is when licensees should have known that incorrect statements were being relied upon as material fact Dual contracts Is two contracts from the same buyer on the same property. One of the offers is used...

Colorado Real Estate Exam Prep Questions and Answers 100% Pass Title Theory - Correct Answer ️️ -lender owns, borrower has equitable title Hypothecation - Correct Answer ️️ -pledging property as collateral for a loan without giving up possession Mortgagee - Correct Answer ️️ -Lender Mortgagor - Correct Answer ️️ -borrower Non Judicial foreclosure - Correct Answer ️️ -*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after ...

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) ...

Why is the condition of bearing walls more important than non bearing walls? - correct answer 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 - correct answer transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? - correct answer Stabilized budget A buyer told broker Lena that she wants to move to Cuban neighborhood. ...

Arkansas Real Estate Exam Questions and Answers 100% Pass Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres - Correct Answer ️️ -2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show ...

HUD Housing Counselor Exa1 Question and answers correctly solved 2024Default - correct answer Non payment of a mortgage debt. Typically considered this when a payment has not been made after 60-90 days. For FHA loans, it is only 30 days. Delinquent - correct answer At-least one full payment is past due (like if it is due the 1st, and it is now the 2nd) Judicial Foreclosure - correct answer Requires a court decision to execute the foreclosure. Typically a longer process than non-ju...

Arkansas Real Estate Exam Verified Answers Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres ️2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show his assurance of title? A....

REE 3043 Final Test Questions and Answers All Correct Since the issues in many transactions are similar, brokers often use standard preprinted contract forms. Generally, the best standard form contracts are those prepared and approved by which of the following parties? - Answer-Local Board of Realtors When contracts for the sale of real property are placed with with a dis interested third party for executing and closing, they are said to be place in: - Answer-Escrow If a seller defaults ...

1 NATIONAL REAL ESTATE EXAM PORTION FOR OHIO/ REVIEW QUESTIONS AND ANSWERS, GRADED A+ Tenancy at Will - -No written agreement, and can be terminated at any time by landlord or tenant Tenancy at sufferance - -Tenant is allowed to live on property after lease is over but before they are forced off the property Tenants in common - -Ownership where tenants could have different amounts of ownership. If passed away heir will take over the undivided ownership (no survivorship) Joint Tenants - ...

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - Answer Torrens System Non-judicial foreclosure is required to foreclose on a - Answer Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of - Answer Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? - Answer Agency coupled with an inte...