Foreclosure - Study guides, Class notes & Summaries

State the function and purpose of civil process. - Primary function: 1. Giving notice 2. preserving the status quo. 3. Providing remedies for parties. 4. Enforcing decisions of the courts. State the purpose of civil process - Civil actions, there is no arrest or issued citation. Non- criminal actions, there must be a way to notify the defendant that claims that have been alleged against them by the plaintiff and what the must do to respond. State how to access the North Carolina administra...

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - ANSWER-D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortgag...

what is a servicer? - ANSWER a company that handles all the administrative aspects of a loan from the closing to mortgage payoff, including handling all payments, escrow, and all documentation for records when was the most recent foreclosure crisis? - ANSWER 2007 what caused the most recent foreclosure process? - ANSWER 1. negative amortization 2. aggressive marketing of HELOC loans 3. subprime lending 4. qualifying borrowers based on teaser rates 5. qualifying borrowers based on introdu...

Colorado Real Estate – Contracts Exam Questions and Answers 100% Pass vicarious liability - Correct Answer ️️ -a principal's liability for an agent's acts performed within the scope of the agency; specifically excluded by Colorado statute from a principal's liability unless the act or omission was approved, directed or ratified. (The employing broker is responsible to licensees actions) Sam is an associate broker who wishes to purchase investment property. What must Sam do when t...

CSP4801 Assignment 2 (COMPLETE ANSWERS) 2024 (759507) - DUE 21 June 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9.......... Question 1 Complete Mark 2 out of 2 Question 2 Complete Mark 2 out of 2 QUIZ 01 Differentiated Instruction is... a. Instruction that matches the subject being taught and the students’ needs. b. When students work at own pace but are assessed using indicators which fi t the group norm. c. When c...

An acceleration clause is included in which of the following...? The mortgage Both the promissory note and mortgage The promissory note The lien - Answer- The promissory note? Collateral - - Answer- Marketable real or personal property which a borrower pledges as security for a loan. In mortgage transactions, specific land is the collateral. Promissory Note - - Answer- Following a loan commitment from the lender, the borrower signs a note, promising to repay the loan under stipulated t...

HUD (AVOIDING FORECLOSURE) EXAM RATED A.HUD (AVOIDING FORECLOSURE) EXAM RATED A.HUD (AHHUD (AVOIDING FORECLOSURE) EXAM RATED A.HUD (AVOIDING FORECLOSURE) EXAM RATED A.HUD (AVOIDING FORECLOSURE) EXAM RATED A.UD (AVOIDING FORECLOSURE) EXAM RATED A.OIDING FORECLOSURE) EXAM RATED A.HUD (AVOIDING FORECLOSURE) EXAM RATED A.HUD (AVOIDING FORECLOSURE) EXAM RATED A.HUD (AVOIDING FORECLOSURE) EXAM RATED A.HUD (AVOIDING FORECLOSURE) EXAM RATED A.

The following contributed to the increase in foreclosure rates, except: A. Subprime lending B. Risky loan products with feature like negative amortization C. Demand from the secondary market D. Homeowners paying off mortgages early E. Using teaser rates to qualify more borrowers. - D. Homeowners paying off mortgages early. Making Home Affordable was created in order: A. To make it easier for borrowers to understand loan terms, to require homeownership counseling for some mortgages, and t...

PSI Real Estate Exam (MD State Portion) Latest 2023 Graded A+ Real Estate brokerage is govern by: 1. Satutory Law - Brokers Act "Title 17" 2. Administrative Law - Code of Maryland Regulations (COMAR) Regulation is enacted and enforced by MD Real Estate Commission (MREC) Brokerage Services: For consideration: - *Selling, buying, exchanging, or leasing* any real estate or collecting rent - Assisting to *locate/obtain* for purchase/lease any residential real estate - Serving as a consultant En...

What percentage of teens will get pregnant before the age of 20? - correct answer 30% What eating disorder is characterized by binging and purging? - correct answer Bulimia What is the first leading cause of death in teens? - correct answer Accidents What percentage of Americans will eventually get married? - correct answer 90% What occupational field deals with the process of aging and the elderly? - correct answer Gerontology Research on social relationships between pa...