Ca escrow final exam 2023 Study guides, Class notes & Summaries

CA Escrow Final Exam 2023...

ESCROW FINAL REVIEW EXAM QUESTIONS & ANSWERS 2023/2024 50 When a buyer assumes an existing loan, he or she signs: - ANSWER-B. an assumption agreement with the lender. 51 If the buyer fails to perform in meeting the obligations under the loan the lender will probably file a: - ANSWER-Notice of Default 52 A resident can be protected from judgment that become liens by the acknowledgment recording - ANSWER-Declaration of homestead 53 Which of the following is a reference point in CA - ...

NMLS Questions with accurate answers, 2022/2023 updates, Graded A. Document Content and Description Below NMLS Questions with accurate answers, 2022/2023 updates, Graded A. Acceleration Clause - Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed a s predatory lending) Alienation Clause (Due on Sale Clause) - Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVC...

ESCROW FINAL EXAM REVIEW 2023 WITH COMPLETE SOLUTION 50 When a buyer assumes an existing loan, he or she signs: B. an assumption agreement with the lender. 51 If the buyer fails to perform in meeting the obligations under the loan the lender will probably file a: Notice of Default 52 A resident can be protected from judgment that become liens by the acknowledgment recording Declaration of homestead 53 Which of the following is a reference point in CA All of the above. 54 The right of ...

ESCROW FINAL EXAM REVIEW 2023 WITH COMPLETE SOLUTION 50 When a buyer assumes an existing loan, he or she signs: B. an assumption agreement with the lender. 51 If the buyer fails to perform in meeting the obligations under the loan the lender will probably file a: Notice of Default 52 A resident can be protected from judgment that become liens by the acknowledgment recording Declaration of homestead 53 Which of the following is a reference point in CA All of the above. 54 The right of ...