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Hud exam module 53 stuvia - Study guides, Class notes & Summaries

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HUD Exam Module 5.3 Questions and Answers 100% Correct

  • HUD Exam Module 5.3 Questions and Answers 100% Correct

  • Exam (elaborations) • 1 pages • 2024
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    • HUD Exam Module 5.3 Questions and Answers 100% CorrectHUD Exam Module 5.3 Questions and Answers 100% CorrectHUD Exam Module 5.3 Questions and Answers 100% CorrectHUD Exam Module 5.3 Questions and Answers 100% CorrectDeficiency Judgement - ANSWER-If the foreclosure sale does not produce enough to cover the debt the mortgagee (lender) is entitled to a ____________ against the borrower for the unpaid amount Deed in Lieu - ANSWER-a deed given by a mortgage lender to satisfy a debt
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HUD Exam Module 5.3 Questions and Answers 100% Correct!

  • HUD Exam Module 5.3 Questions and Answers 100% Correct!

  • Exam (elaborations) • 1 pages • 2024
  • Available in package deal
    • Deficiency Judgement - ANSWER-If the foreclosure sale does not produce enough to cover the debt the mortgagee (lender) is entitled to a ____________ against the borrower for the unpaid amount Deed in Lieu - ANSWER-a deed given by a mortgage lender to satisfy a debt Foreclosure - ANSWER-The seizure of property from borrowers who are unable to repay their loans Short Sale - ANSWER-lender agrees to accept sale proceeds, even if less than the debt Consequences of a homeowner going throug...
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