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2021 SOUTH CAROLINA PSI REAL ESTATE EXAM PREP QUESTIONS & ANSWERS: STUDY GUIDE 100% CORRECT!
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    2021 SOUTH CAROLINA PSI REAL ESTATE EXAM PREP QUESTIONS & ANSWERS: STUDY GUIDE 100% CORRECT!

  • 2.) When ownership of a mortgage is transferred from one company or individual to another, it is called A. An assumption B. An assignment C. An assessment D. All of the above - ANSWER Answer: B. When ownership of a mortgage is transferred or assigned from one company or individual to another, it is called an assignment. 3.) A mortgage loan which requires the remaining balance be paid at a specific point in time is called a/an A. Balloon mortgage B. Early due mortgage C. Mortga...
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