Strict foreclosure - Study guides, Class notes & Summaries

Champions Real Estate Finance (Questions And Answers) 2024 mortgage Broker - CORRECT ANSWER-Functions as a middleman between the borrower and the lender, negotiating, selling or arranging loans to be delivered to large investors Mortgage Banker - CORRECT ANSWER-Provide their own funds for the purpose of providing mortgage financing Correspondent Lender - CORRECT ANSWER-Smaller in scale then mortgage bankers or brokers, these lenders typically extended loans with their own funds at th...

Superior School Real Estate Chap 11 Exam 2024 Questions and Answers Substitution of Entitlement -Answer-The process by which one veteran pledges entitlement for a VA loan he or she is assuming in order to free up the entitlement of the original veteran/borrower Conforming Loans -Answer-Those processed on uniform loan forms and according to FNMA/FHLMC guidelines Alienation Clause -Answer-also known as due-on-sale clause....clause in mortgage deed of trust provides that if a buyer sells pro...

Farming correct answers one type or style of property or one particular neighborhood residential transaction correct answers *fs 475.278 *improved residential prop of 4 or fewer *unimproved prop intended for 4 units > *agricultural prop of 10 acres> *leases w/ options to purchase all or a portion of improved prop or 4 > Industrial sales or lease correct answers warehouse and manufacturing timeshare/vacation ownership correct answers *condo that is subdivided into ownership ...

Land - Answer Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - Answer land plus manmade permanent attatchments Real property - Answer Real estate plus "bundle of legal rights" Bundle of Rights - Answer PUTEE (possess, use, transfer, exclude, encumber) Physical characteristics of real estate - Answer immobility, indestructibility, heterogeneity Immobility - Answer Land cannot be moved from one site to another, its location is foreve...

Hawaii Real Estate Exam Rated A+ What is Hawaii's residential property disclosure form? A.) A statement of the condition the home will be in after repairs are completed B.) A statement that lists all home upgrades the seller made C.) A statement that outlines the home repairs made in the past five years D.) A statement the seller provides to the buyer that outlines all known property defects ️D.) A statement the seller provides to the buyer that outlines all known property defects...

Land - Answer Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - Answer land plus manmade permanent attatchments Real property - Answer Real estate plus "bundle of legal rights" Bundle of Rights - Answer PUTEE (possess, use, transfer, exclude, encumber) Physical characteristics of real estate - Answer immobility, indestructibility, heterogeneity Immobility - Answer Land cannot be moved from one site to another, its location is foreve...

Indiana Real Estate Exam Prep Review, Verified Solution Land Surface and all natural things attached to it, subsurface and air above the surface Zoning Administration Zoning Board of Adjustment oversees rule administration and appeals Real estate land plus manmade permanent attachments Real property real estate plus bundle of rights Bundle of Rights Possess Use Transfer Exclude Encumber Physical Characteristics Immobility; indestructibilit; hetoerogeneity Immobility Land cannot m...

MODULE 16 QUESTIONS AND ANSWERS GRADED A+ 1. The person who receives an offer to whom an offer is made a. Grantor b. Offeree c. Offeror d. Vendee B 2. One who is licensed to represent another person in a real estate transaction with intent to receive compenation or valuable consideration a. Broker b. Corporation c. Executor d. Principal A 3. A party in transaction to whom an agent does not have a fiduciary relationship a. Agent b. Client c. Customer d. Principal C ...

1. which of the following ways of specialization is common in the real estate brokerage business A) by background of client B) by type of property C) by years of experience in the business D) by type of mortgage financing required - correct answer -b 2. which of the following is included in the legal concept of land A) A corn crop B) a lake C) a felled tree D) an abandoned vehicle - correct answer -b 3. a property abuts a non navigable stream. What does the owner own A) land to th...

XINNIX FLIGHT SCHOOL EXAM PRACTICE QUESTIONS AND ASNWERS The rate lock period for a refi, with a right of rescission, must be long enough to cover the rescission period. - Answer️️ -True How long does a borrower have to wait to buy a home after they have had a foreclosure? FHA - Answer️️ -3 years What are the steps you should follow to determine the correct MI? - Answer️️ -LTV, term, product type, occupancy type and coverage. Typically, files that have to be manually underwri...