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45 hours Post Licensing

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Institution 45 Hours Post Licensing
Course 45 hours Post Licensing
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Forbearance or Moratorium (to avoid foreclosure) - ANSWER waiver of principal payments (interest Only) Deferred interest (Principal only) Restructure the Mortgage loan - ANSWER involves lowering the interest rates, accruals of interest, or extended maturity date. nonrecourse loan - ANSWER borrower is not personal liable for the original loan, the lender could decided to make the borrower personally liable as part of the restructuring agreement. the process of redesigning a loan - ANSWER is called Recasting transfers the mortgage to a new owner - ANSWER assume the loan or take the property subject to the existing mortgage. Deed in Lieu of Foreclosure - ANSWER buyer can't make payments borrower sells the equity to the lender minimizes expenses of foreclosure lender may not accept also called Voluntary Conveyance

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  • 45 hours post licensing
  • 45 hours post licensing chapter 10 13 correct ques
  • forbearance or moratorium to avoid foreclosure
  • restructure the mortgage loan answer involves lo

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