__________ refers to failure to meet legal obligations in a contract, specifically, failure to make the monthly payments
Posted: Tue Mar 08, 2022 3:55 pm
__________ 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
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