Hypothecation - Study guides, Class notes & Summaries

Champions School of Real Estate - Real Estate Finance Latest Update Rated A+ A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) Non- Conforming Loan VA Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity Cash price minus the loan balance A clause often found in a blanket loan allowing the borrower to obtain partial releases of specific lots by making required lump sum payments. Release Clause ...

Affixed -:- Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation -:- The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance -:- Something that comes with real property. Water or a well, or an easement could be an ap...

What is the difference between limited and full discretion with regard to an account where the representative has trading authority? correct answers Limited: the ability to buy and sell securities. Full: same as limited, but includes the ability to extract funds. What additional authorizations and forms are required for full discretion for a representative as compared to limited discretion? correct answers Written authorization from client. Written acceptance by a registered principal (Seri...

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 -...

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 ...

©BRAINBARTER 2024/2025 Utah Real Estate Class Arti Study Guide. Chapter 1 Affixed - answerTypically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation - answerThe process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the property. Legal tests include method of annexation, adaptability, relationship of the parties. Appurtenance - answerSomething ...

The federal Truth in Lending Act Answer regulates advertising with references to mortgage interest rates. Which would LEAST LIKELY be a changed circumstance that would trigger the need to provide a new GFE to a borrower? Answer The mortgage loan originator learns that the alimony the borrower receives (which was not included in her income analysis) will cease after she is remarried next month. What fact about a borrower may an underwriter take into consideration when approving a mortgag...

Phil owns shares in a corporation that gives him the right in a unit of a building that is owned by the corporation. Phil lives in a... A) condo B) cooperative C) leasehold estate D) timeshare - b Suellen meets with licensee Nick to discuss selling the home where she has lived for 30 years. Suellen wants to purchase a condo in a new community and have enough to buy some new furniture without going into debt. She tells Nick she needs to make $215,000 on the sale. Anything he can get over ...

Maine Real Estate Questions Marth lives on one side of a two-family house. She wants to advertise the other side as non-smoking. Can she legally do so? - correct answer Yes, because the right to smoke is not protected by law. Under the Equal Credit Opportunity Act (ECOA) a lender does not have to offer a loan to: a.) a recipient of food stamps b.) recipient of social security c.) a 90-year-old man looking for a 30-year mortgage d.) a recipient of public assistance with poor credit hist...

Real Estate Finance Test of the following clauses in a loan agreement enable the lender to demand the entire remaining dept be paid immediately EXCEPT a/n a. due-on-sale clause b. alienation clause c. defeasance clause d. acceleration clause - ANSWER defeasance clause A real estate loan payable in periodic installments that are sufficient to pay the principal in full during the term of the loan is called a a. straight loan b. partially amortized loan c. conventional loan d. fully am...