A defeasance clause in a Deed of Trust allows for:
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Cancellation of the lender's claim upon full note payment
Which circumstance would negate encroachment?
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owner's permission
If a subordination clause is in a mortgage or deed of trust, this would benefit which of
the following parties?
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trustor/mortgagor
Which of the following instruments do not convey title?
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lease
Who benefits from the assignment of rents clause?
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beneficiary
The document used to verify a mortgage assumption is called a:
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reduction certificate
Which of the following listed below best describes the purpose of a trustee?
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Cancellation of the lender's claim upon full note payment
Which circumstance would negate encroachment?
Give this one a try later!
owner's permission
If a subordination clause is in a mortgage or deed of trust, this would benefit which of
the following parties?
, Give this one a try later!
trustor/mortgagor
Which of the following instruments do not convey title?
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lease
Who benefits from the assignment of rents clause?
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beneficiary
The document used to verify a mortgage assumption is called a:
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reduction certificate
Which of the following listed below best describes the purpose of a trustee?
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