Definition of redemption Guías de estudio, Notas de estudios & Resúmenes

Defect/Cloud in the title - Conflicting claims that prevent the absolute legal conveyance of CLEAR TITLE Period to Period is a type of leasehold that: - Has no specific expiration but the length is specified (like a month to month lease) Net Lease - lease in which the tenant pays some or all of the operating expenses of the property in addition to rent. Often commercial. Adverse Possession - A person takes possession & use of a property belonging to another. Possession must be open, not...

"Equity" meaning ANSWER: The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property Definition of "Mortgage" ANSWER: The pledging of real property to a loender as security for a debt. In other words, a mortgage represents the security over property given to a lender for repayment of a loan. Meaning of redemption (as related to mortgages) ANSWER: The act of performing the borrowers obligations...

What is meant by referring to an insurance policy as a unilateral contract? - Correct Answer-*Only one party makes a legally enforceable promise. 2. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - Correct Answer-*At all times. 3. Any situation that presents the possibility of a loss is known as - Correct Answer-*a loss exposure 4. Which of the following information is not required to be communicated in a Life insurance contrac...

FINAL EXAM (Bob Brooks) 2024 Actual Questions and Correct Answers Solved 100%. When must earnest money and/or deposits accepted by the broker be put into the escrow account? a. Earnest money does not have to be put into an escrow account. b. By the close of business of the next banking day c. Within 24 hours d. Within 48 hours b. By the close of business of the next banking day In order to record a deed, it MUST be in writing and: a. signed by grantee b. recite the actual purchase...

What title guarantees will Jody have when she buys a property at a foreclosure auction? covenant of seisin Sondra, a buyer, signs all the required mortgage documentation, promising to make all payments to her lender. Unfortunately, Sondra falls on hard times and misses multiple payments, and the bank indicates that it's going to foreclose on her. The foreclosure proceedings are more difficult for the lender because Sondra holds the deed to the land. What kind of state does Sondra live i...

Which of the following is NOT used in the textbook as an analogy for a worldview? -ANSWER-- Personal Library Which of the following worldview families would see the universe as a closed system? -ANSWER-- Atheism Which groups best fit the Pantheistic worldview? -ANSWER-- Buddhism, Hinduism, and New Age :True or False? The Christian worldview evaluates its worldview based on faith and not on reason. -ANSWER-- False Which of the following is noted for spiritualism but NOT for belief in a p...

Land - Answer Surface, all natural things attached to it, subsurface, and air above the surface. Real Estate - Answer land plus manmade permanent attatchments Real property - Answer Real estate plus "bundle of legal rights" Bundle of Rights - Answer PUTEE (possess, use, transfer, exclude, encumber) Physical characteristics of real estate - Answer immobility, indestructibility, heterogeneity Immobility - Answer Land cannot be moved from one site to another, its location is foreve...

RECA Residential Unit 6 Questions and Answers "Equity" meaning ANSWER The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property Definition of "Mortgage" ANSWER The pledging of real property to a loender as security for a debt. In other words, a mortgage represents the security over property given to a lender for repayment of a loan. Meaning of redemption (as related to mortgages) ANSWER The act o...

TLETA Week 3 Exam Questions and Answers 3 steps when making the decision to stop - Answer ️️ --Observe -Evaluate -Implement Dispatch preliminary procedures should include? - Answer ️️ --Perform all vehicle checks before initiating the stop -Minimizes the detention time necessary -Wants/warrants on the vehicle -Allows officer to make the right decision as to the initial nature of the stop -Give your location -Make/model, color of the vehicle -Any anti-police or hate group stick...

ACAMS Exam Review 70 Questions with Verified Answers Define "smurfing." - CORRECT ANSWER The use of multiple individuals and/or transactions for making cash deposits, buying monetary transactions or banks drafts in amounts under the reporting threshold. (NB: Some equate this term with structuring) What are the sections of the USA PATRIOT Act pertaining to AML due diligence? - CORRECT ANSWER *Section 312* -- Requirement that institutions create risk-based due diligence programs *Sec...