Judicial foreclosure - Study guides, Class notes & Summaries

ARKANSAS REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, RATED A+ Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres - -2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show his assurance...

Equitable Right of Redemption - correct answer The right of a defaulted borrower to redeem the property after foreclosure proceedings have begun & before the foreclosure sale by paying off the loan balance, plus interest until the day of payoff & costs. Written Policy Manual - correct answer Identifies & describes the types of real estate brokerage relationships in which the broker & affiliated licenses may engage. (Maine requirement) National Association of REALTORS (NARS) - correct answe...

financing receiving, or providing, money for the purchase of real estate debt to income ratio A standard tool that calculates whether a borrower will have difficulty meeting his or her loan repayment obligation. judicial foreclosure foreclosure that is under the supervision of a court and initiated by a lawsuit non-judicial foreclosure foreclosure that does not require court proceedings or a judgment of foreclosure - the result of the power of sale clause in a deed of trust sho...

Adverse fact Is a physical or environmental problem with the property, or anything that would directly negatively affect its value, which must be disclosed if known Fraudulent Act Is intentional deception in such a way as to take advantage or harm another person Negligence Is when licensees should have known that incorrect statements were being relied upon as material fact Dual contracts Is two contracts from the same buyer on the same property. One of the offers is used...

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 ...

Why is the condition of bearing walls more important than non bearing walls? : Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has : transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? : Stabilized budget A buyer told broker Lena that she wants to move to Cuban neighborhood. Then the buyer asked if Lena could ...

What happens with a judicial foreclosure? - CORRECT ANSWERS-The mortgaged property is sold under the supervision of a court. Broker Dean realizes he has relocation buyers. What is something he should focus on with these buyers? - CORRECT ANSWERS-On finding a property with good resale value Real estate licensees should know enough about building ordinances to be able to.. - CORRECT ANSWERS-alert clients of potential problems in a home. If an industrial property is described as "special ...

KY real estate final exam practice question and answers 2024 verified to pass what happens with a Judicial foreclosure? ANS the mortgaged property is sold under the supervision of a court 2. broker Dean realizes he has relocation buyers.What is something he should focus on with these buyers? ANS finding a property with good resale value 3. real estate licensees should know enough about building ordinances to be able to... ANS alert clients of potential problems in a home 4. if an industri...

Mortgage bankers are highly leveraged - Very sensitive to disruptions in the loan making and selling pipeline and can fail in days Alt-A loans - Conventional loans with less stringent underwriting requirements higher LVT lower credit scores reduced documentation of income or assets Somewhere in between conventional and subprime in terms of quality. Commercial banks - Depository lenders that typically made business-related real estate loans and only home loans for business clients. They ...

Arkansas Real Estate Exam Questions and Answers 100% Pass Homeowner Dean owns the Northwestern 1/2 of the Northwestern 1/2 of the Northeastern 1/4 of the southwestern 1/4 of the south western 1/4 of section 31. how many acres is that property? A. 5 acres B. 10 acres C. 80 acres D. 2.5 acres - Correct Answer ️️ -2 x 2 x 4 x 4 x 4= 256 640/256= 2.5 D. 2.5 acres Seller Gareth is certain there are no clouds on his property's title. What type of deed should he provide buyers to show ...