Author: Anonymous

True of False: Raw land (no structures and no crops on the land, just dirt) is not insured under any of the various types of homeowners insurance. 

What type of homeowners insurance policy provides coverage for ALL perils, except those specifically exempted in the policy?

In an adjustable rate mortgage does the amount of interest remain the same over the life of the loan? 

What is a down payment of money, made by the tenant, that is held by the property manager and used to make repairs to the unit for damage that is caused by the tenant, or to pay any unpaid rent at the end of the lease?

Does a secondary mortgage lender actually loan money to a consumer to purchase real property?

What is a down payment of money, made by the tenant, that is held by the property manager and used to make repairs to the unit for damage that is caused by the tenant, or to pay any unpaid rent at the end of the lease?

What is the term used when a foreclosure sale actually brings in more money than is actually owed on the property?

What is the term used when a foreclosure sale actually brings in more money than is actually owed on the property?

What type of deed can the borrower execute just to give the property back to the lender to avoid foreclosure, when they know they cannot afford the payments and will lose the property anyway? 

True or False: a HO-1 insurance policy is the most basic form of homeowner’s insurance.