Category: Uncategorized

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. 

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?

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

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

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

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”?

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

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