Strict foreclosure - Samenvattingen en Aantekeningen

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

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 125 days Strict foreclosure - correct answer No sale. Full legal title given to lender, loss ...

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...

MODULE 16 QUESTIONS AND ANSWERS GRADED A+ 1. The person who receives an offer to whom an offer is made a. Grantor b. Offeree c. Offeror d. Vendee B 2. One who is licensed to represent another person in a real estate transaction with intent to receive compenation or valuable consideration a. Broker b. Corporation c. Executor d. Principal A 3. A party in transaction to whom an agent does not have a fiduciary relationship a. Agent b. Client c. Customer d. Principal C ...

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...

Test bank For Women's Health Care in Advanced Practice Nursing 2nd Edition by Ivy M Alexander | 2017/2018 | 9780826190017 | Chapter 1-46 | Complete Questions and Answers A+ Chapter 1 Women and Their Health The United States ranks 50th in the world for maternal mortality and 41st among industrialized nations for 1. infant mortality rate. When developing programs to assist in decreasing these rates, which factor would most likely need to be addressed as having the greatest impact? A) Resolving al...

Hawaii Real Estate Exam Rated A+ What is Hawaii's residential property disclosure form? A.) A statement of the condition the home will be in after repairs are completed B.) A statement that lists all home upgrades the seller made C.) A statement that outlines the home repairs made in the past five years D.) A statement the seller provides to the buyer that outlines all known property defects ️D.) A statement the seller provides to the buyer that outlines all known property defects...

XINNIX FLIGHT SCHOOL EXAM PRACTICE QUESTIONS AND ASNWERS The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. - Answer️️ -True How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA - Answer️️ -3 years What are the steps you should follow to determine the correct MI? - Answer️️ -LTV, term, product type, occupancy type and coverage. Typically, files that have to be manually underwri...

Superior School Real Estate Chap 11 Exam 2024 Questions and Answers Substitution of Entitlement -Answer-The process by which one veteran pledges entitlement for a VA loan he or she is assuming in order to free up the entitlement of the original veteran/borrower Conforming Loans -Answer-Those processed on uniform loan forms and according to FNMA/FHLMC guidelines Alienation Clause -Answer-also known as due-on-sale clause....clause in mortgage deed of trust provides that if a buyer sells pro...

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 ...