Property collateral Study guides, Class notes & Summaries

CDE Questions and Answers Already Passed Collateral damage: Unintentional or incidental injury or damage to persons or objects Collateral Damage Estimation CDE: The process of determining the potential for collateral damage resulting from target engagement Collateral Damage Estimation Methodology CDM: A body of joint standards, methods techniques and processes to analysis and produce estimates Why are we concerned with minimizing collateral damage? LOW Legal imperatives, nation...

2022 California Real Estate Exam Prep Questions & Answers (Test Bank) (top 10pages free) An appraiser's definition of "Value" would be: a. present worth of all rights to future benefits arising out of ownership. b. the ability of one commodity to command other commodities in exchange. c. relationship between the thing desired and the potential purchaser. d. all of the above. ANS- d. all of the above. These are elements of value. Which of the following abbreviations is associated ...

Title Theory (Ans- lender owns, borrower has equitable title Hypothecation (Ans- pledging property as collateral for a loan without giving up possession Mortgagee (Ans- Lender Mortgagor (Ans- borrower Non Judicial foreclosure (Ans- *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure (Ans- No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure (Ans-...

ACME Home Loans is a private lender with a strict policy of limiting originations to conventional qualified mortgages with minimum loan amounts of $300,000. To ensure compliance with this policy, loan originators are instructed to refuse to accept applications from consumers who want loan amounts of less than $300,000, or who have debt-to-income ratios of 44% or more. This policy is: - Not a violation of any federal fair lending law - Potentially unlawful under the disparate impact theory ...

Which item below can help protect against a home with a listed incorrect street address or legal description in public records? - Standard coverage title insurance policy and extended coverage title insurance policy Robert owns his property and enjoys the full bundle of rights. Can he use his property as collateral for debt? - Yes. Robert can encumber his property Which location is an industrial coal plant least likely to be located? - Adjacent to an elementary school What is the least li...

LEGL Test #3 Chapters 7,10,11,13 Questions and Answers property law - Answer ️️ The law of the legal fence that establishes exclusive right in someone called an owner. What rights does property law convey? - Answer ️️ - build on it - exclusive possession - sell it - grow things (crops and animals) - easements - lease/ rent - run a business - privacy - offer as collateral how do you acquire property? - Answer ️️ - accession - buy it - inheritance - trade - gift - law ...

accession - Answer ️️ Acquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams. (something added) Adverse Possession - Answer ️️ A person takes possession & use of a property belonging to another. Possession must be open, notorious, hostile & uninterrupted for a certain period of time. Artisan's Lien - Answer ️️ A possessory lien given to a person who has made improve...

property law - Answer ️️ The law of the legal fence that establishes exclusive right in someone called an owner. What rights does property law convey? - Answer ️️ - build on it - exclusive possession - sell it - grow things (crops and animals) - easements - lease/ rent - run a business - privacy - offer as collateral how do you acquire property? - Answer ️️ - accession - buy it - inheritance - trade - gift - law of "finds" - establish a trust Law of Finders - Answ...

FLORIDA 2-20 EXAM | 837 TEST BANK ACTUAL QUESTIONS AND ANSWERS 100% CORRECT | LATEST UPDATE 2024 {WELL ILLUSTRATED} 1.If someone would suffer economic loss from damage to their property, they have: A: a subrogation right B: a proximate cause C: an insurable interest D: a contingent claim C: an insurable interest 2. A convenience used to provide temporary insurance is called: A - Insurance B - binder C- property coverage D- liability coverage B - binder 3. The failure of ...

How to approach on the exam? correct answer: o (1) Call of the question o (2) Identify and classify the property at issue o (3) Determine which parties have or claim an interest in the collateral o (4) For each security interest, assess: § Attachment - has SI attached? To which collateral? When? § Perfection - has secured party perfected SI? When? How? o (5) Find and apply appropriate rule to the facts to resolve the dispute Vocabulary correct answer: o Security Interest - an intere...