ESCROW FINAL REVIEW QUESTIONS AND ANSWERS 100% PASS
3 views 0 purchase
Course
ESCROW
Institution
ESCROW
ESCROW FINAL REVIEW QUESTIONS AND ANSWERS 100% PASS 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 ca...
escrow final review questions and answers 100 pass
50 when a buyer assumes an existing loan
he or she signs b an assumption agreement with the lender
Written for
ESCROW
All documents for this subject (316)
Seller
Follow
BrilliantScores
Reviews received
Content preview
ESCROW FINAL REVIEW QUESTIONS
AND ANSWERS 100% PASS
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 a landowner to use the water on, under, and adjacent to his or her land is known
as a ✔✔Riparian rights
55 The rights to use water is considered of such primary importance that ✔✔D. Both A & B
, 56 The determining factor in preparing a second deed of trust is the ✔✔B. Time of Recording.
57 On any note ✔✔D. All of The Above
58 The effective date for the insurance must be ✔✔D. Both B & C are correct.
59 On the settlement sheet, the cash deposited in escrow is ✔✔A. Credited to the buyer.
60 Most commonly, the motivating reason for real property exchange is ✔✔C. Tax consideration
61 Which of the following types of property are typically exchange ✔✔D. All of the above
62 An even exchange can be effected ✔✔B. Both A & B are correct
63 The money or other (not like-kind) property that is given to make up any difference in value
or equity between exchanged properties is called ✔✔B. Boot.
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 BrilliantScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
