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What is the term used when a foreclosure sale actually bring…

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

Published April 28, 2021
Categorized as Uncategorized

What type of deed can the borrower execute just to give the…

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? 

Published April 28, 2021
Categorized as Uncategorized

True or False: a HO-1 insurance policy is the most basic for…

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

Published April 28, 2021
Categorized as Uncategorized

A mortgage is a voluntary lien on property. Under what theor…

A mortgage is a voluntary lien on property. Under what theory of mortgages does the lender (lien holder, mortgage holder) ONLY have that lien against the property?

Published April 28, 2021
Categorized as Uncategorized

What is the large payment of remaining principal and interes…

What is the large payment of remaining principal and interest that is due at the end of a Term Loan? 

Published April 28, 2021
Categorized as Uncategorized

What is the large payment of remaining principal and interes…

What is the large payment of remaining principal and interest that is due at the end of a Term Loan? 

Published April 28, 2021
Categorized as Uncategorized

Is there ANY exemption that allows any person or entity to d…

Is there ANY exemption that allows any person or entity to discriminate against someone on the basis of their RACE with regard to housing? 

Published April 28, 2021
Categorized as Uncategorized

What is the PROHIBITED practice of directing home seekers to…

What is the PROHIBITED practice of directing home seekers to a certain neighborhood based on their membership in a protected class. Ie. “You would be more comfortable in THAT neighborhood”?

Published April 28, 2021
Categorized as Uncategorized

What is a “rider” added to an insurance policy to provide ad…

What is a “rider” added to an insurance policy to provide additional coverage for almost anything excluded in the main policy?

Published April 28, 2021
Categorized as Uncategorized

What type of contract is executed between a property owner a…

What type of contract is executed between a property owner and a property manager? 

Published April 28, 2021
Categorized as Uncategorized

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