An acceleration clause - Study guides, Class notes & Summaries

Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER-TILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? - ANSWER-Loan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owneroccupied, residential refinance? - ANSWER-After 3 business-day rescission period W...

Colibri School Exam NJ 2023 Question and answer 100% solvedIn a real estate transaction the principal would BEST be described as the Person represented by an agent Bert is showing his buyer a home in a historic district. The buyer mentions in passing that she would like to place solar panels on the roof. Beet knows that the homeowners association CC&Rs would prohibit this to protect the historic character of the neighborhood, but he doesn't tell the buyer for fear she'll loose interest...

Real Estate U Texas Real Estate Finance(6) Exam Questions And Answers All verified By An Expert An acceleration clause is included in which of the following...? The mortgage Both the promissory note and mortgage The promissory note The lien - ANS The promissory note? Collateral - - ANS Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. Promissory Note - - ANS Following a loan commitme...

0 - bedroom Dwelling CORRECT ANSWER efficieny and dormintory. Not target housing according to HUD. Exempt from needing to include the Lead Base Paint disclosure. Abstract of Title CORRECT ANSWER A condensed history of a property's title showing, in chronological sequence, matters such as conveyances, liens, and encumbrances that have been recorded against the title in the office of the register of deeds or other public recording place. Acceleration Clause CORRECT ANSWER A clause in a mort...

Abandonment - ACCURATE ANSWERS When a party in legal possession of property leaves without the intention of reclaiming rights Abstract of Title - ACCURATE ANSWERS A summary of the title history including all encumbrances Acceleration Clause - ACCURATE ANSWERS Mortgage clause DEMANDING FULL payment upon default Accretion - ACCURATE ANSWERS New land added by the elements Accrued Depreciation - ACCURATE ANSWERS Total of all deterioration and obsolescence on a property Acknowledgement...

Abandonment - Answer-The failure to occupy and use property that may result in loss of rights Abatement of Nuisance - Answer-Extinction or termination of a nuisance Abstract of Judgement - Answer-A condensation of the essential provisions of a court judgement Abstract of Title - Answer-A summary or digest of all transfers, conveyances, legal proceedings, and any other facts relied on as evidence of title, showing continuity of ownership, together with any other elements of record which ...

Real Estate- Maine Learning Group 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...

Abandonment When a party in legal possession of property leaves without the intention of reclaiming rights. Abstract of Title A brief history of the instruments appearing in the county record that affect title to the parcel in question. Condensed history of all documents affecting a parcel of real estate Acceleration Clause Mortgage Clause demanding full payment upon Default. Accretion an increase of land caused by the gradual depositing of solid material Adhesion Contract A non negoti...

24 hour hold CORRECT ANSWER A term used to describe the type of reservation made on function space within a venue (hotel, convention centre, etc.). An event organizer who has 24-hour hold on a space has exclusive use and access to that space for a period of 24 hours, usually 00:00 to 23:59. 6 by 6 rule CORRECT ANSWER Audiovisual guidelines by which presentation slide should contain more than six words per line of text and no more than six lines of text. Abstract CORRECT ANSWER 1) written s...

When is the acceleration clause used in an agreement for sale - Answer The seller may enforse the clause by foreclosing like a mortgage When a property tax lien is sold at auction, what is the Statutory period of redemption before a foreclosure can occur? - Answer 3 yrs What will not terminate a homestead exemption? - Answer Buying another property Which of the following actions would not transfer title to real property ? - Answer New city zoning ordinance