Escheat - Study guides, Class notes & Summaries

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

McKissock Learning - Basic Appraisal Principles Exam Questions and Answers | 100% Verified and Updated 2024 "A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt -Answer-mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real p...

Easement A limited right to make use of a property owned by another. Appurtenant Runs with the land Easement Appurtenant An easement allowing the use of a neighboring property Which type of ownership includes the right of survivorship? Joint Tenancy Fully Executed A contract that has all of its terms and conditions met. Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Severable Rights surface, air, subsurface can be sold separatel...

McKissock Learning - Basic Appraisal Principles"A document or a clause in a document in which the borrower accepts responsibility for the repayment of a debt" is the definition of: A) CC&R B) bond C) mortgage note D) debt - correct answer mortgage note "The earth's surface, both land and water, and anything that is attached to it whether by the course of nature or human hands" is the definition of: A) land B) site C) water D) real property - correct answer A The public restriction on ...

COLORADO REAL ESTATE EXAM PREP EXAM REVIEW QUESTIONS AND ANSWERS. VERIFIED. 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 b...

A real estate development corporation purchased land for a condominium project. The corporation most likely took title to the land A. as a general partnership. B. as a joint tenant. C. In severalty. D. as a syndication. - ANSWERD. as a syndication. Pulls funds for the development of projects Man made markers such as a steel rod or concrete post may be part of what type of legal description? A. Metes and Bounds B. Subdivision System C. Lot & Block D. Government Survey System - ANSWER...

Superior Real Estate Exam - 3-24-23 Exam QUESTIONS & Revised CORRECT ANSWERS <UPDATED&ALREADYPASSED> Condemnation and escheat are examples of which of the following types of property transfer? voluntary alienation involuntary alienation transfer of title by descent transfer of title through foreclosure involuntary alienation Without an agreement to the contrary, when a leased property is sold, the lease is binding on the new owner. is in breach and can be voided by the te...

Mortuary Law- Final UPDATED Actual Questions and CORRECT Answers Leaving a will at death a. amendment b. testate c. escheat d. trustee - CORRECT ANSWER- b. testate Which of the following applies to an ordinary power of attorney? a. Grants someone authority to act as agent or attorney in fact

Illinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% CorrectIllinois Real Estate Exam Questions and Answers 100% Correct When private property become ownerless due to the death of the owner, the state or county government may exercise its reversionary claim to that property under the right of: - ANSWER-Escheat A developer divided 5 acres into 20 equal lots all having depth ...

1. The listing is always taken in the name of the _________ and becomes the property of the ___________. A. Broker—salesperson B. Salesperson—seller C. Broker—broker D. Broker—seller - ANSWER C. Broker- broker A deed is used to transfer ownership of real estate. A bill of sale would be used to transfer ownership of: A. A mortgage B. Personal property C. A deed of trust D. A house and 2 acres of land - ANSWER B. Personal property The life tenant in a life estate is not a...