Recourse debt - Study guides, Class notes & Summaries

When buying receivables without recourse the purchaser assumes the risk of collectibility and absorbs any credit loss. In the gross method, sales discounts are reported as a deduction from sales For receivables sold with recourse the seller guarantees payment to the purchaser if they debtor fails to pay. The net amount reported for short-term receivables is not affected when a specific account receivable is determined to be uncollectible. bank balance vs cash account bank balance- deposits i...

HECM REVERSE MORTGAGE EXAM QUESTIONS AND ANSWERS 100% PASS HOME EQUITY - Answer- HOME VALUE MINUS LIENS ON THE HOME PURPOSE OF A REVERSE MORTGAGE - Answer- GENERATE CASH FORWARD MORTGAGE PURPOSE - Answer- THE ORDINARY MORTGAGE MOST PEOPLE USE TO PURCHASE HOME FORWARD MORTGAGE - Answer- BORROWERS EQUITY INCREASES OVER TIME THE LOAN BALANCES DECREASES AS PAYMENTS ARE MADE TO LENDER REVERSE MORTGAGE - Answer- RISING DEBT FALLING EQUITY TRANSACTIONS HECM BASIC FEATURES - Answer- THE BORROWE...

HECM REVERSE MORTGAGE EXAM QUESTIONS AND ANSWERS 100% PASS HOME EQUITY - Answer- HOME VALUE MINUS LIENS ON THE HOME PURPOSE OF A REVERSE MORTGAGE - Answer- GENERATE CASH FORWARD MORTGAGE PURPOSE - Answer- THE ORDINARY MORTGAGE MOST PEOPLE USE TO PURCHASE HOME FORWARD MORTGAGE - Answer- BORROWERS EQUITY INCREASES OVER TIME THE LOAN BALANCES DECREASES AS PAYMENTS ARE MADE TO LENDER REVERSE MORTGAGE - Answer- RISING DEBT FALLING EQUITY TRANSACTIONS HECM BASIC FEATURES - Answer- THE BORROWE...

ENG2612 OCTOBER NOVEMBER PORTFOLIO (COMPLETE ANSWERS) 2024 - DUE 9 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us.. QUESTION ONE: Read EXTRACT A below and answer the question that follows. Extract A Editorial: Financial illiteracy breeds debt By Editorial Millions of South Africans are drowning in debt. Consumers owe more than R2.5 trillion to their creditors Millions of South Africans are drown...

In most cases, broker compensation, as a percentage of home price, falls somewhere between: - correct answer -5-7% A Christian organization owns a fourplex. It wants to rent to only Christian tenants. Under the federal Fair Housing Act, is this legal? - correct answer -Yes. Religious organizations which rent to tenants for residential purposes are exempt from the Fair Housing Act What happens to trade fixtures after a business moves out of a leased property? - correct answer -The tenant re...

Barney Fletcher Real Estate Exam 2024 Updated Questions with Verified 100% Correct Answers Latest Edition Barney Fletcher Real Estate Exam: 2024 Updated Questions with Verified 100% Correct Answers | Latest Edition combining two or more contiguous parcels of real estate into a single parcel under one ownership - Assemblage an increase in value resulting from assemblage - plottage personal property that is permanently attached to real property and goes with the property when its sold - ...

CLFP Terms 4 Questions and Answers Latest Update | Graded A+. What information is reported on the income statement? correct answerIts a presentation of revenues and expenses for a specific time period (month, quarter, year). What information is reported on the statement of cash flows? correct answerIt shows cash receipts and payments during a specific period and includes non-cash expenses like depreciation and amortization. Equation for cash flow correct answer[net income + non-cash expense...

HECM Exam questions and correct answers A reverse mortgage is... - ANSWERS a loan against the value of a home that provides cash advances to a borrower, requiring no repayment until a future time. A reverse mortgage is different from a home equity loan because - ANSWERS You do not have to make monthly repayments on a reverse mortgage A reverse mortgage must be repaid - ANSWERS When the last eligible borrower dies, sells, or permanently moves away The purpose of a reverse mortgage is mo...

THREE VARIATIONS OF MARRIAGE OUT OF COMMUNITY OF PROPERTY - correct answer 1. marriage with complete separation of property 2. marriage out of community of property with retention of community of profit and loss 3. the accrual system PURPOSE OF ANTENUPTIAL CONTRACT - correct answer To deviate from the common law or statutory rules regarding the matrimonial property consequences of marriage. Ante...

restraint on alienation - ANSWER-Mortgage law prohibits enforcement of any trust deed provision which purports to restrict the owner's right to sell, lease or encumber their property, called a: due-on - ANSWER-Garn-St. Germain Federal Depository Institutions Act of 1982 (Garn) provides general guidelines for ____________ enforcement. mortgage-backed bonds - ANSWER-Garn-St. Germain Federal Depository Institutions Act of 1982 (Garn) provides general guidelines for ____________ enforcement. ...