Strict foreclosure - Study guides, Class notes & Summaries

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 Answer ...

Florida Real Estate Exam 1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase a...

COLORADO REAL ESTATE CONTRACTS AND REGULATIONS EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Doctrine of Prior Appropriation: - -A theory of water law based on the principle, restated as "first in time is first in right" that regards the right to divert water from a water source. When writing a contract, you may be asked by the Buyer to use a note for earnest money. The Commission has created an _____________________ that you can use but most sellers will not agree to that. However,...

Colorado Real Estate Exam Prep Verified Answers 2024 Title Theory ️lender owns, borrower has equitable title Hypothecation ️pledging property as collateral for a loan without giving up possession Mortgagee ️Lender Mortgagor ️borrower Non Judicial foreclosure ️*CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure ️No sale. Full legal title given to lender, loss of equity for borrower Judicia...

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...

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 125 days Strict foreclosure - correct answer No sale. Full legal title given to lender, loss ...

1031 tax-deferred exchange - Answer- Section 1031 of the Internal Revenue Code allows the owner of real property to sell that property and then reinvest in a "like-kind" property and defer paying any capital gains taxes; strict IRS rules regulate this type of exchange Ex. Real estate investors can take advantage of the 1031 tax-deferred exchange to defer capital gains taxes when selling a property, provided the money is rolled into another "like" purchase abutting - Answer- Land parce...

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 ...

XINNIX FLIGHT SCHOOL Question and answers 2023 verified to pass 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 ...

XINNIX FLIGHT SCHOOL Questions and Answers 100% Correct 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...