Grantor or mortgagor - Study guides, Class notes & Summaries

Gold Coast Final Exam Questions and Answers 100% Solved What is the form you sign that says you will pay the loan back ? promissory note What is the post licensing grace period after first expiration ? none Deposits is a form of... valuable consideration Physical land and improvements real property Is it a violation if a sales associate work for two brokers Monday-Friday, and Saturday and Sunday and getting paid commission from both Yes What is the maximum fine per offense ? $5,000 per fine...

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

Ohio Notary Public Test. Question and answers. Graded A+. 2022/2023 Document Content and Description Below Can a notary take the acknowledgement to an instrument in which he himself has an interest? - No. Can a notary notarize an instrument when he is out of the physical boundaries of the State of Ohio? - No. Can a notary witness the signature and take acknowledgement in another State, then make the certification in his own State? - No. May a notary take the acknowledgement of a relative, even...

2024 Fundamentals of Louisiana Notarial Law and Practice with Complete Solutions2024 Fundamentals of Louisiana Notarial Law and Practice with Complete Solutions2024 Fundamentals of Louisiana Notarial Law and Practice with Complete Solutions Mortgagor - ANSWER-one who grants/gives a mortgage; the one making the mortgage, so that's the borrower/home-buyer Mortgagee - ANSWER-one who takes the mortgage and is thus, the lender/bank - the one who provides a loan to someone buying the house; the p...

Superior Real Estate Highlighted Points in Class Exam Questions And Answers Alienation means what referring to a title -Answer-Transfer or means -Answer-Gives ee means -Answer-Receives SC ______ theory state -Answer-Lien Mortgagor. ....... Buyer Mortgagee.........Bank Petition the court to foreclose NC _________ theory state -Answer-Title Deed of trust is the mortgage Trustee...... law firm Trustor.......Buyer Beneficiary. ..... Bank Foreclosure go through probate NC OTPC -Answer-...

National Real Estate Exam Prep Questions and Answers Graded A+ Unilateral Contract Contract containing ONE promise given in exchange for completing an act. NO obligation to act. Bilateral Contract Contract containing TWO promises. Example: A listing agreement is a bilateral contract Client/Principal A person who has entered into an agency relationship w/ a licensee & with whom there is a written contract Customer Any 3rd party w/ whom a licensee works In-Company Transaction Tr...

LA Notary Practice Exam 1 2024 Questions Solved 100% Correct Attorneys Licensed To Practice Law In Louisiana Are Also Authorized As Notaries In All Parishes Of The State A Notary Is Required To Provide The Permanent Mailing Address Of The Affiant In Each And Every Affidavit Regardless Of The Purpose On A Notarial Act, The Notary Must Print His Name, Notary Number And The Name Of The Witness Under The Appropriate Signature Lines The Following Information Must Be Included In An A...

Regulation Z Answer The regulations issued under the Truth-in Lending Act that set forth the specific requirements that a lender must follow in order to comply with the Truth-In-Lending law. Revolving Debt Answer A type of credit arrangement in which a consumer is pre-approved for a line of credit and they may make purchases against that credit. The Lender is also know as the: Answer Mortagee (lien theory/mortgage), beneficiary (title theory/deed of trust), grantor, vendor (land contract)...

Florida Real Estate Vocabulary Questions and Answers 100% Pass Assignor - Correct Answer ️️ -A person who transfers a legal right to another Grantor - Correct Answer ️️ -Party giving the deed that conveys title Grantee - Correct Answer ️️ -Party receiving the deed and acquiring the title Lessor - Correct Answer ️️ -Landlord who gives lease Lessee - Correct Answer ️️ -Tenant who receives lease Lienor - Correct Answer ️️ -Person who has a claim on another's propert ...

COLORADO REAL ESTATE EXAM REVIEW QUESTIONS & ANSWERS. GRADED A+/ VERIFIED. every valid contract must meet all of the following requirements except - -earnest money to have a valid contract four elements are needed - -1) competent parties 2) mutual consent 3) legal consideration 4) legal object mutual consent - -the offer and acceptance of the offer legal consideration - -promises, something of value, an act, giving up the right to act, etc, legal object - -the parties are agreeing t...