Explain the difference between a buyer assuming the mortgage and a buyer taking title “subject to” the mortgage.

Q: What are the common requisites of contract of pledge and mortgage?

A: pledge  a serious promise or agreement to do or not do something: a pledge of assistance; a vow not…

Q: Define the mortgage extension agreement?

A: An agreement between the borrower and the lender of the mortgage who mutually agrees to extend the…

Q: Comprehensively discuss the consequences of mortgage defaults coupled with the inherent rights to…

A: Mortgage : is a secured loan that is used to purchase a property against a collateral provided by…

Q: Explain the purchase-money mortgage?

A: Purchase-money mortgage: A purchase-money mortgage is a loan delivered to the debtor by the vendor…

Q: What dangers are encountered by mortgagees and unreleased mortgagors when the property is sold…

A: Borrowers mortgage their properties or assets to provide guarantee for repayment of loan to the…

Q: What is the surety status of any grantees who have assumed the mortgage? Will an extension of time…

A: If one assumes someone’s mortgage, it indicates that one is agreeing to take on the debt. So, when…

Q: Explain Some Closing Observations of Residential Mortgage-Related Securities?

A: Answer: A residential mortgage related securities is also called as residential mortgage backed…

Q: Define Mortgage payable.

A:

Q: When might a borrower want to have another party assume his liability under a mortgage loan?

A: There are basically two conditions when a borrower might want to have a third party:

Q: With respect to using traditional lending rules to determine how much of a mortgage a borrower…

A: Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: In a real estate short sale the balance owed on the mortgage falls short of the proceeds of the…

A: A short sale is any sale of a property where the sale price becomes "short" of the initial loan…

Q: Which of the following is true with respect to a mortgage? O A mortgage with respect to real estate…

A: Hi, since you have posted multiple questions, we will answer only the first one, as per authoring…

Q: Explain the difference between conventional mortgages, reverse mortgages, and second mortgages.

A: Difference between Conventional mortgage ,reverse mortgage , second mortgage Mortgage Mortgage is a…

Q: Give an example of a real estate mortgage and chattel mortgage. What are the obligations being…

A: The term mortgage refers to the loan taken by an individual for which the individual has put some…

Q: The document a lender gives a borrower detailing the actual costs of a loan is called     a…

A: A truth in lending disclosure is an agreement where there are some important disclosure made by the…

Q: When one examines a REIT investment, why it is important to consider the terms of the company’s…

A: REIT stands for Real Estate Investment Trust. It manages and operates properties that generate gain…

Q: What does “assignment” mean and why would a lender want to assign a mortgage loan?

A: Mortgage assignments refer to a document that shows that a mortgage is transferred from the original…

Q: Differentiate contract of pledge from contract of mortgage.

A: Contract of Pledge is used for Movable Assets and contract of Mortgage is used for Immovable Assets.…

Q: What is meant by mortgage foreclosure, and what alternatives are there to such action?

A: A mortgage refers to a debt instrument which is secured by collateral of a piece of land or a real…

Q: Which are the Minimum Mortgage Requirements?

A: Meaning of mortgage: Mortgage is nothing but an instrument of debt that the creditor is obliged to…

Q: What is a mortgage?

A: Mortgage : Mortgages  is referred to the long-term debts owed by the business that are secured with…

Q: Consider the mortgage term PITI. What do the last two letters stand for? (a)title insurance…

A: Mortgage is a legal arrangement under which a bank, building society, etc., in return for taking…

Q: Have there been any intervening liens? These are liens recorded or attached after the recordation of…

A: Lien is a right on mortgaged property. Under lien, the ownership of asset belongs to the lender…

Q: Which are the Some covenants that may be included in the mortgage document?

A: Covenants is a contract specifying the rules and regulations between the borrower and sender.…

Q: Explain Qualified mortgages?

A: A Qualified Mortgage (QM) is a defined class of mortgages that meet certain borrower and lender…

Q: what is the difference between a debenture and a mortgage bond?

A: Bonds and debentures both are the fixed interest providing debt instruments issued by companies and…

Q: pledge and mortgage.

A: A pledge or mortgage is indivisible, even though the debt may be divided among the successors in…

Q: Question 2 In a real estate short sale the balance owed on the mortgage falls short of the proceeds…

A: In case of real estate short sale, the owner of the house sells his property to his  mortgage lender…

Q: Differentiate between a fixed-rate mortgage and avariable-rate mortgage.

A:

Q: Explain The Mortgage Instrument?

A: The question is based on the concept of mortgage, which is  a contract between lender and borrower.

Q: Explain the mortgage bond.

A: Mortgage bonds are type of corporate bonds. Businesses issue corporate bonds, which normally have…

Q: is the importance of Mortgage Marke

A: Mortgage market is the place where you can get loans to buy the home and where you can buy or sell…

Q: Define The Mortgage?

A: Mortgage : It is a debt instrument or legal agreement or loan, borrowing the money from lender (…

Q: What are mortgage discount points?  When does it make sense to pay points on a loan?  How can a…

A: Mortgage discount point are all such points which will be reducing the total amount of fees which an…

Q: What special advantages does a mortgagee have in bidding at the foreclosure sale where the mortgagee…

A: The debt instrument which is issued against some collateral or security is called a mortgage. It is…

Q: xplain mortgage financing and how can someone afford a mortgage loan

A: Financing involves raising funds for undertaking business activities. Business activities includes…

Q: What is calculation of Outstanding Mortgage Balance (Repayment of Mortgage)?  Please provide…

A: Outstanding Mortgage Balance refers the loan outstanding at any point in time after the loan has…

Q: Which Property can be Covered by a Mortgage?

A: Mortgage is a financial debt instrument signed by the borrower when he borrows money from the lender…

Q: For the second mortgage application, calculate the percentage of appraised value and the potential…

A: Given : Appraised value = $127,500 Lender's Percentage = 70% Balance of first mortgage = $53,200