AceableAgent state exam study set Questions And Complete Answers
0 view 0 purchase
Course
Aceable Principles of Real Estate
Institution
Aceable Principles Of Real Estate
AceableAgent state exam study set Questions
And Complete Answers
Strict Foreclosure the borrower is required to remedy the delinquency within a certain
period after they are given notice. If the delinquency is not remedied, the borrower loses their
redemption rights and the lender may forecl...
AceableAgent state exam study set Questions
And Complete Answers
Strict Foreclosure the borrower is required to remedy the delinquency within a certain
period after they are given notice. If the delinquency is not remedied, the borrower loses their
redemption rights and the lender may foreclose.
nonjudicial foreclosure Foreclosure without a lawsuit. It is usually done through a power
of sale clause. The power of sale clause in the loan contract allows the lender to foreclose
without taking the case to court.
Equitable redemption occurs before the foreclosure sale (auction) of the property and
allows defaulting debtors to pay the defaulted portion of the debt and prevent foreclosure
Statutory redemption: occurs after the foreclosure sale (auction) of the property and
allows defaulting debtors to regain possession of the property. This is not available in Texas.
deficiency judgment whereby the lender attempts to recover any losses not recovered in
the auction of the collateral property by suing the borrower.
moratorium limited break from payments
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller UpperClass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.99. You're not tied to anything after your purchase.
