Subordination clause - Study guides, Class notes & Summaries

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 One percent of a loan that is a loan processing fee : Origination Point 2 ...

Amenities of residential real estate are: - A) The property's physical attributes B) Measurable on the market C) Not considered by appraisers because they are intangible qualities D) Related to its capacity to provide shelter effectively B) To restore an old home to its original condition without making any changes in the floor plan or style is referred to as - A) Rehabilitiation B) Modernization C) Reclamation D) Remodeling A) One who takes in severalty most generally takes title...

Champions School Of Real Estate National/State Finance Exam || Questions & Answers (100% Correct) Champions School Of Real Estate National/State Finance Exam || Questions & Answers (100% Correct) Blanket Loan - ANSWER - Several pieces of property secured by a single loan (several lots on one note) Package Loan - ANSWER - A loan secured by real property plus personal property Down Payment Assistance Programs - ANSWER - Government and private programs whose stated purpose is to help buye...

Blanket Loan : Several pieces of property secured by a single loan (several lots on one note) Package Loan : A loan secured by real property plus personal property Down Payment Assistance Programs : Government and private programs whose stated purpose is to help buyers to become homeowners Subordination Clause : a clause allowing a lender to move to or take a lower lien position Mortgage : Lender under a mortgage 2 Non-Judicial Foreclosure : foreclosure that does not require court ...

PART 1 Conventions of Standard Written English - --- Syntax - The arrangement of words, phrases, and clauses to form a sentence. Clauses - Ideas joined together by a conjunction Parallelism - Occurs when phrases or clauses within a sentence contain the same structure. Subordination and Coordination: Two types of clauses - - Coordinate clause (independent) - Subordinate clause (dependent) Coordinate clause - when you connect two independent clauses that are of equal importance. - connect...

Legal Aspects of Real Estate Chapter 11 Already Passed What conveys title rights in a property over to an assigned trustee? A right of assignment A subordination clause A deed of trust A release of deed A deed of trust What was passed by Congress in 1977 to prevent redlining and to encourage banks and thrifts to help meet the credit needs of all segments of their communities, including low-and moderate-income neighborhoods? The Economic Recovery Act The Equal Opportunity Act The Tax Reli...

Champions School Of Real Estate ( Real Estate Finance) 2024 Tested A loan unable to be sold to Fannie Mae or Freddie Mac (i.e. A sub-prime loan) - CORRECT ANSWER-Non-Conforming Loan VA - CORRECT ANSWER-Veteran's administration - assists veterans in the purchase of housing by guaranteeing loans) Seller's equity - CORRECT ANSWER-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 ...

Amenities of residential real estate are: - correct answer -A) The property's physical attributes B) Measurable on the market C) Not considered by appraisers because they are intangible qualities D) Related to its capacity to provide shelter effectively B) To restore an old home to its original condition without making any changes in the floor plan or style is referred to as - correct answer -A) Rehabilitiation B) Modernization C) Reclamation D) Remodeling A) One who takes in seve...

After a trustee's sale, there is money left over after paying the beneficiary of the first trust deed. This money would go first to the: Ans Beneficiary of the second (the second in line to receive what they are owed) The owner of the property encumbered with a first and second trust deed wants to refinance the first trust deed. What should the second trust deed contain? Ans A subordination clause (a clause where the holder of a mortgage/trust deed permits an additional (NEW) lien to t...

2024 ETS MAJOR FIELD TEST (PRACTICE TEST): BACHELOR'S DEGREE IN BUSINESS ACTUAL QUESTIONS AND ANSWERS -PERFECT WILL PASS!!!! The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Ans- d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seek...