Which of the following is subject to foreclosure? A buyer of real property who is late...
Which of the following is subject to foreclosure? A buyer of real property who is late on property tax payments. A buyer of real property in default on the mortgage payments. A buyer of real property who pays private mortgage insurance. A seller of real property who is late in turning over the property to the buyer
Homework Answers
Solution:
"A buyer of real property in default on the mortgage payments" is subject to foreclosure.
Hence 2nd option is correct.
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Which of the following is subject to foreclosure? A buyer of
real property who is late...
which of the following is subject to foreclosure No gain or loss. Mark for follow up...
which of the following is subject to foreclosure
No gain or loss. Mark for follow up Question 43 of 75. Which of the following is subject to foreclosure? O O A buyer of real property who is late on property tax payments. A buyer of real property in default on the mortgage payments. A buyer of real property who pays private mortgage insurance. A seller of real property who is late in turning over the property to the buyer. O...
ROAGE MINDIAP Ch 05: Assignment - Making Automobile and Housing Decisions Term Answer Description Loan-to-value ratio...
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1. Which of the following is not considered personal property in legal terms? A) Intangible property...
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Question 21 of 40. An installment contract is best described as "A contract under which: The buyer makes a series of equal, periodic payments to the seller." Property is sold at a gain and the seller receives at least one payment after the tax year of sale." The buyer makes payments and then receives the item purchased after making the final payment." The seller and buyer agree that no down payment will be made, and that payments will be made...
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which of the following is subject to foreclosure
No gain or loss. Mark for follow up Question 43 of 75. Which of the following is subject to foreclosure? O O A buyer of real property who is late on property tax payments. A buyer of real property in default on the mortgage payments. A buyer of real property who pays private mortgage insurance. A seller of real property who is late in turning over the property to the buyer. O...
ROAGE MINDIAP Ch 05: Assignment - Making Automobile and Housing Decisions Term Answer Description Loan-to-value ratio A. This insurance policy protects the mortgage lender from a default by its mortgage borrower, and it is typically required when the borrower uses a down payment that is less than 20%. Mortgage points B. This refers to the process in which a lender seizes and sells a property, because the borrower cannot make the scheduled principal and interest payments. Closing costs This is...
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Which of the following are included in the tax basis of a real estate property? (I = included; N= not included): Amounts paid to acquire the property. Amounts borrowed to construct property. The cost of labor paid to contractors to construct property. The value of other property given to the seller in exchange for the property. Bidding fees related to acquiring the property. Amounts paid to third party appraiser to determine the value of the property.
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