Traditional loan - Study guides, Class notes & Summaries

Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - Answer- C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To manage futu...

BARNEY FLETCHER - GA RE SCHOOL EXAM 2024 WITH 100% CORRECT ANSWERS What is the tax assessment rate for all real property in Georgia? - correct answer 40% What could happen if a property is sold at foreclosure and does not bring enough money to satisfy all of the debts secured by the property? - correct answer Outstanding debts could be pursued as a result of a deficiency judgement When foreclosure occurs, the payment priority of most of the outstanding debts is established by: - corre...

Complete Solutions Manual for Government and Not-for-Profit Accounting: Concepts and Practices, 9th Edition 9e by Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese. ISBN-13: 3898 1 The Government and Not- for- Profit Environment 1 How Do Governments and Not- For- Profits Compare With Businesses? 2 In Practice: Why Is State And Local Government Accounting Important? 6 What Other Characteristics of Governments and Not- For- Profits Have Accounting Implications? 9 How Do Governments Compare...

f a borrower is required to pay alimony or child support, it must be included as a(n): - Asset - Liability - Qualifier - Mitigating circumstance - Answer-Liability. Alimony and child support must be included in a borrower's liabilities if they are required to pay. A lender who refuses to originate loans in a particular neighborhood or ZIP code because of the perceived creditworthiness of consumers living in the area is in violation of: - FCRA - ECOA - HOEPA - RESPA - Answer-ECOA. Re...

Drones may be equipped with cameras that relay data in real-time Which one of the following uses infrared light to detect nearby objects? - Answer- Lidar AMRM Insurance Company sells insurance in Virginia, North Carolina, South Carolina, and Georgia. The company has compiled a policyowner data base that can be used to send text messages when hurricanes approach. The company provides early warnings, storm updates from the National Weather Service, and hurricane safety measures. The company ...

Mortgage bankers are highly leveraged - Very sensitive to disruptions in the loan making and selling pipeline and can fail in days Alt-A loans - Conventional loans with less stringent underwriting requirements higher LVT lower credit scores reduced documentation of income or assets Somewhere in between conventional and subprime in terms of quality. Commercial banks - Depository lenders that typically made business-related real estate loans and only home loans for business clients. They ...

During the first two years a life insurance policy is in force, the insurer may contest a policy for all of the following reasons Except. Misstatement of age in the application. The term "life settlement broker" may refer to. someone who is licensed to negotiate a life settlement contract. A policy owner has just borrowed from a life insurance policy's cash value. which of these statements is true. In the event of death the loan amount is deducted from the policy proceeds. No existing ...

Junior Mortgage ~ Any mortgage recorded after the first mortgage . Deficiency Judegement ~ Money still owed by the borrower if the foreclosure sale does not bring in enough money to pay the debt owed Demand deposits ~ These banking deposits- such as those made to a checking or traditional savings account must be made available upon demand Interim Financing ~ Generally short term, this kind of financing is obtained to finance a construction project and is usually open-ended Cons...

Webce Insurance test questions and Answers 2023 with complete Solution. Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions ...

What is the tax assessment rate for all real property in Georgia? - ANSWER 40% What could happen if a property is sold at foreclosure and does not bring enough money to satisfy all of the debts secured by the property? - ANSWER Outstanding debts could be pursued as a result of a deficiency judgement When foreclosure occurs, the payment priority of most of the outstanding debts is established by: - ANSWER Date of recordation With a traditional, fully amortized loan, the interest portion ...