Strict foreclosure - Study guides, Class notes & Summaries

Hypothecation - ANSWER pledging property as collateral for Title Theory - ANSWER lender owns, borrower has equitable title 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 foreclosure -...

XINNIX FLIGHT SCHOOL EXAM WITH CORRECT ANSWERS The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. True How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA 3 years What are the steps you should follow to determine the correct MI? LTV, term, product type, occupancy type and coverage. Typically, files that have to be manually underwritten are subject to less strict guidelines. Fa...

Colorado Real Estate Exam Prep Questions and Answers 100% Pass 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 ...

Legal Aspects of Real Estate Chapter 11 Already Passed What conveys title rights in a property over to an assigned trustee? A right of assignment A subordination clause A deed of trust A release of deed A deed of trust What was passed by Congress in 1977 to prevent redlining and to encourage banks and thrifts to help meet the credit needs of all segments of their communities, including low-and moderate-income neighborhoods? The Economic Recovery Act The Equal Opportunity Act The Tax Reli...

Colorado Real Estate Exam Prep Questions With 100% Correct Answers!!

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

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...

The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. correct answer: True How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA correct answer: 3 years What are the steps you should follow to determine the correct MI? correct answer: LTV, term, product type, occupancy type and coverage. Typically, files that have to be manually underwritten are subject to less strict guidelines. correct a...

Farming - ANSWER one type or style of property or one particular neighborhood residential transaction - ANSWER *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 - ANSWER warehouse and manufacturing timeshare/vacation ownership - ANSWER *condo that is subdivided into ownership time periods. *right to us...

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