Borrower mortgagor - Study guides, Class notes & Summaries
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Ohio Notary Public Test. Question and answers. Graded A+. 2022/2023 Document Content and Description Below
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Ohio Notary Public Test. Question and answers. Graded A+. 2022/2023 
Document Content and Description Below 
Can a notary take the acknowledgement to an instrument in which he himself has an interest? - No. Can a notary notarize an instrument when he is out of the physical boundaries of the State of Ohio? - No. Can a notary witness the signature and take acknowledgement in another State, then make the certification in his own State? - No. May a notary take the acknowledgement of a relative, even...
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REE 3433 Chapter 9 Questions with Complete Solutions
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Guarantee Correct Answer-A promise made by one party to share responsibility for the debts of another party 
 
Mortgage Correct Answer-An interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt 
 
Promissory note Correct Answer-A promise or an engagement in writing to pay a specified sum at a time therein stated or on demand or at sight to a person named therein 
 
Debtor Correct Answer-One who owes a debt 
 
Payee Correct Answer...
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2024 Fundamentals of Louisiana Notarial Law and Practice with Complete Solutions
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2024 Fundamentals of Louisiana Notarial Law and Practice with Complete Solutions2024 Fundamentals of Louisiana Notarial Law and Practice with Complete Solutions2024 Fundamentals of Louisiana Notarial Law and Practice with Complete Solutions 
Mortgagor - ANSWER-one who grants/gives a mortgage; the one making the mortgage, so that's the borrower/home-buyer 
 
Mortgagee - ANSWER-one who takes the mortgage and is thus, the lender/bank - the one who provides a loan to someone buying the house; the p...
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FRM 2 Question and answers correctly solved 2024/2025
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FRM 2 Question and answers correctly solved 2024/2025 FRM 2 
 
Netting Factor - correct answer sqrt(n + n (n - 1) p) / n 
 
Ho-Lee Model - correct answer dr = lambda(t)*dt + sigma*dw 
 
Vasicek Model - correct answer dr = k*(theta - r)*dt + sigma*dw 
 
Half-life = ln(2)/k 
 
Cox-Ingersoll-Ross Model (CIR) - correct answer dr = k*(theta - r)*dt + sigma*sqrt(r)*dw 
 
Friction 1: Mortgagor and Originator - correct answer The borrower may not even be aware of the financing options availa...
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Colorado Real Estate Exam Prep (2023/2024) (Certified Solutions)
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Colorado Real Estate Exam Prep (2023/2024) (Certified Solutions) 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 
Judicial foreclosure done t...
Too much month left at the end of the money?
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Colorado Real Estate Exam Unit 12- 9% Residential Mortgages Practice Questions and Answers
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What method of settling a default involves a conveyance of title to the lender? - deed in lieu of foreclosure 
A way for the mortgagor (borrower) to avoid foreclosure. The borrower who is in default under the terms of the mortgage gives a deed to the lender - a deed in lieu of foreclosure 
When a promissory note is executed, it becomes - evidence of the debt 
The legal instrument that represents the primary evidence of a debt - promissory note 
A mortgage clause (in title theory states) that pro...
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Champions School of Real Estate - Real Estate Finance Latest Update Rated A+
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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 
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Van Ed Unit 6: "Financing and Settlement" || with Complete Solutions.
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The rules were that what you borrowed, plus interest, must be paid back the next year or at some other agreed upon time. This is called a _______. correct answers Term Loan 
 
A word that literally means to kill off. Each payment is an ___________ partially pays off BOTH principal and interest. correct answers Amortize. Amortized Loan. 
 
A borrower's personal promise to repay a debt according to the agreed terms. correct answers Promissory Notes. Secured by a Deed of Trust. 
 
In some states, ...
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Washington State Managing Broker Exam
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At what point has listing agent earned a commission? - Answer- When a ready, willing, and able buyer is found. If the seller backs out after accepting the offer, even if the buyer agrees to a rescission, the commission is still due. 
 
At closing, a sale doesn't go through because the seller's anticipated transfer to another city gets suddenly postponed, and the seller no longer wants to sell. Does the seller owe the listing agent a commission? Yes or no, and why. - Answer- Yes, because the se...
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CHAPTER 12- RESIDENTIAL MORTAGES fully solved graded A+
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CHAPTER 12- RESIDENTIAL MORTAGES fully solved graded A+Which legal instrument evidences the debt and states the interest rate, term, payment requirement, and other information related to the loan? 
 (a) Promissory note 
 (b) Contract 
 (c) Lien 
 (d) Mortgage - correct answer (a) Promissory note 
 
What is the function of a mortgage? 
 (a) It conveys title to real property. 
 (b) It secures the repayment of the debt. 
 (c) It creates a personal pledge to repay a loan. 
 (d) It creates a l...
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