Deed of trust loan Study guides, Class notes & Summaries

Loan Signing Agent Test what 2 things does every borrower want to know? - 1. how much will this loan cost me 2. how much will my monthly payment be what is the correct order of the documents you show to the borrower first? - 1. closing statement 2. note 3. payment letter what is the job of the loan signing agent? - guiding borrower through closing documents give NO opinions how should borrower sign - sign as their name appears for example, use middle initial if it's part of...

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...

Superior NC Real Estate Important Final Exam questions (Answered 100% Correctly) 2024 Superior NC Real Estate Important Final Exam questions (Answered 100% Correctly) 2024 RESPA -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) C. th...

Real estate has been estimated to represent approximately - 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. - primary Texas is a: a. Lien Theory b. Title Theory - a. Lien Theory Lien Theory - In lien theory states such as Texas, the security for a mortgage is a lien placed on the property, which ...

Arizona School of Real Estate & Business: Sales Exam Questions and Answers Rated A+ 1866 Civil Rights Act prohibits discrimination by: Race A borrower is required to put 10% down for the purchase of a property. The 10% down would be considered: Equity A borrower would obtain funds for an FHA loan from: Primary market A broker acting as a property manager for an owner would consider his relationship to be: Fiduciary A broker and an unlicensed buyer are looking at the same hou...

ASREB Exam Questions with 100% Correct Solutions Salesperson is working for a principal, but the salesperson exceeds authority in agreement. Principal does nothing to correct the actions, and the public is led to believe the actions were okay. Agency? - Correct Answer ️️ -Estoppel Amount stated in a purchase contract in case the buyer breaches is called: - Correct Answer ️️ -Liquidated In a sublease with a positive leasehold who benefits from excess rent? - Correct Answer ️️ -...

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...

GA MLS Real Estate Practical Final Exam Latest Update with Verified Solutions "Assume and Agree" to Pay Assuming borrower defaults payment, the bank will go to assuming borrower for the payment If the bank cannot collect from the assuming borrower, they will go to the original borrower "Subject to" Existing Mortgage Assuming borrower will give/pay the seller equity upfront If assuming borrower fails payment, original borrower liable Acceleration Clause The clause un a mortgag...

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...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...