Lien foreclosure sale - Study guides, Class notes & Summaries

Real Estate Finance AYPO Exam 2024 Real estate has been estimated to represent approximately -Answer-one-half of the world's total economic wealth. The buyer's ability to finance the property is an important, if not the -------, contingency in most residential transactions, and a significant driver in the entire real estate-based economy. -Answer-primary Texas is a: a. Lien Theory b. Title Theory -Answer-a. Lien Theory Lien Theory -Answer-In lien theory states such as Texas, the secur...

National Real Estate Exam Practice Questions and Answers with Verified Solutions A property owner has decided to do some landscaping work on his yard. He has planted a tree surrounded by some flowering shrubs. The tree and shrubs are an example of... improvements A property owner has a waterfront lot on a stream. He has the right to use the water from the stream. What is this right called? riparian A tenant is aware that his lease will expire at the end of the month. He has begun...

When the county assessor evaluates real estate for the purpose of taxation, this is called: - Assessed value What lien has priority first: - Property taxes Property taxes become a lien the first day of: - January If a property is not bid at a tax foreclosure sale: - Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Special Assessments - Property Taxes, Special Assessments, IRS Liens When a broker misappropriates funds, this is cal...

Colibri Real Estate Practice Final Exam Questions with Verified Solutions Why is the condition of bearing walls more important than non bearing walls? Bearing walls support the ceiling and the roof. Owner Tom decided to lease out his basement to a college student. By leasing the basement, Tom has transferred a portion of his bundle of rights What is a forecast of income and expenses that can be projected over five years? Stabilized budget A buyer told broker Lena that she wants t...

A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered... - Answer-Equity A broker, acting as a property manager, would be considered what type of agent? - Answer-General A contract has been signed, but title has not yet been passed. The contract is... - Answer-Executory A house cost $100,000. The buyer is making a down payment of 32,000 and getting a $68,000 loan. If there are 4 points, how much money will be paid out of the closing for poin...

A 'qualified mortgage' loan can have a maturity time period for not longer than: - 30 years A 14 acre parcel secured with a deed of trust ended up in foreclosure. What period of time is allowed for redemption? - None, foreclosure secured with a deed of trust is final upon sale A 22 acre parcel secured with a mortgage ended up in foreclosure. What period of time is allowed for redemption? - 1 year A bail bond lien won't be released until? - Upon court ordered sentencing A broker price op...

PSI Oklahoma Real Estate Practice Test Questions and Answers 100% Pass MOST closed real estate transactions should be reported to the IRS. REQUIRED information includes seller name(s) and social security number(s) and the sale price An owner hired a construction company to build a swimming pool at a new home. The owner failed to pay the bill once the work was completed and the construction company filed a lien to obtain payment of the debt. The encumbrance created is called a mechanic...

Arizona property taxes are based on: Assessed value The tax rate applied to owner occupied residential property is: 10 % What lien has priority first: Property taxes Property taxes become a lien the first day of: January If a property is not bid at a tax foreclosure sale: Anyone can later buy the tax lien from the Treasurer Rank the following in order: IRS lien, Property Taxes, Special Assessments Property Taxes, Special Assessments, IRS Liens

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...

WA FUNDAMENTALS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE. Which of the following is most likely to be considered a fixture? A. Draperies B. lamp C. Plumbing D. Washing Machine - -C. Plumbing A life estate will last until: A. Economic conditions render it unfeasible B. The death of the grantor C. the death of the recipient D. the recipient moves out - -C. the death of the recipient The deed that states that there is A. Grant Deed B. Bargain and sale deed C. Quit...