A lender agrees to reduce the interest rate on a loan but specifies in the agreement
with the borrower that the lender shall receive 2% of all gross income from the
property on which the loan was placed. This is an example of:
Give this one a try later!
Participation loan
"Lis pendens" is:
Give this one a try later!
A notice of pending court action
, These liens are voluntary:
Give this one a try later!
Mortgage
Seller carryback
Deed of trust
A signed release to substitute a new mortgagor for the original mortgagor is called:
Give this one a try later!
A novation
The following relate to a mechanics lien:
Give this one a try later!
-Statue of limitations
-Recordation is required
-A statutory lien
Proper order of occurrence:
Give this one a try later!
1. Lis pendens
2. Judgement
with the borrower that the lender shall receive 2% of all gross income from the
property on which the loan was placed. This is an example of:
Give this one a try later!
Participation loan
"Lis pendens" is:
Give this one a try later!
A notice of pending court action
, These liens are voluntary:
Give this one a try later!
Mortgage
Seller carryback
Deed of trust
A signed release to substitute a new mortgagor for the original mortgagor is called:
Give this one a try later!
A novation
The following relate to a mechanics lien:
Give this one a try later!
-Statue of limitations
-Recordation is required
-A statutory lien
Proper order of occurrence:
Give this one a try later!
1. Lis pendens
2. Judgement
