__________ refers to failure to meet legal obligations in a contract, specifically, failure to make the monthly payments

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__________ refers to failure to meet legal obligations in a contract, specifically, failure to make the monthly payments on the mortgage.
A. Foreclosure
B. Default
C. Amortization
D. Callable debt


Answer : A

The difference between fair market value and current indebtedness is called:
A. Down payment
B. Amortization
C. Equity
D. Fixed rate mortgage


Answer : A


An account held by the lender into which the home buyer pays money for tax or insurance payments.
A. Entitlement
B. Deed of trust
C. Escrow
D. Earnest money


Answer : C

It is a document that gives evidence of an individual"™s ownership of property. What is it?
A. Title
B. Lien
C. Deed of trust
D. Escrow


Answer : A

Mutual funds let you invest_________.
A. Invest risk free
B. Avoid taxes
C. Profit in any market
D. Invest in many stocks with relatively little money


Answer : D