What source of foreclosure leads comes with a built-in sense of trust and credibility with the homeowner?

Q: Let us assume that we own our personal residence. Onequestion of interest is, “If we depreciate real…

A: Depreciation is the part of the cost of the asset that is written off periodically in the income…

Q: Who will have control over the operation of the property and decisions involving capital…

A: Real estate properties refers to a tangible property. Real estate property is generally used to…

Q: What is the difference between distributing property per capita and per stirpes?

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: He or she should have geographical proximity to the major assets of the estate. He or she should not…

A: Personal representative are needed when there is no will left to settle the property and assets.…

Q: Explain the term Judicial Foreclosure?

A: Judicial Foreclosure: A judicial foreclosure denotes to when the foreclosure pass over the system of…

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 process of abatement? Select one: a.The establishment of how the creditors will be…

A: An abatement is a reduction or an exemption on the level of taxation faced by an individual or…

Q: For the following definitions, indicate the type of trust being described by selecting the correct…

A: Blind Trust Life Insurance Trust Living (revocable) Trust Trust for minors

Q: Outline the anti-avoidance provisions as they relate to the transfer of property to a child, a…

A: General Anti-avoidance Rule (GAAR) is a concept which generally empowers the Revenue Authority in a…

Q: What are the risks to the lender if a borrower declares bankruptcy?

A: Bankruptcy refers to a condition in which a borrower (business or an individual) is unable to pay…

Q: What are the primary benefits of investing in real estate income property?

A: Advantages of real estate income property investment are: Tax benefits It helps the investors in…

Q: What type of property insurance would cover injury to a repairperson on your property?  A.…

A: Given, A. Meaning of additional living expenses coverage,  It is a important part of the maximum…

Q: Explain Foreclosure property?

A: Foreclosure property means if someone who has lent money to an individual or association so that…

Q: What is the role of trusts in estate planning?

A: The process of managing the assets of an individual or an organization until the death of the…

Q: What is the Effect of Foreclosure on Junior Lienors?

A: Effect of foreclosure on Junior lienors is: Junior Lienor’s claims on the property mortgage are…

Q: Is a foreclosure sale sometimes desirable or even necessary when the mortgagor is willing to give a…

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

Q: If any contractual party breaches the obligation then what can be the course of specific action from…

A: Breach of contract: A breach of contract refers to a contract where two or more person comes into a…

Q: What factors should be considered when deciding whether to renovate a property?

A: Availability of budget as one needs to consider the money factor regarding whether one have…

Q: Which of the following is not a goal of probate laws? Choose the correct.a. To gather and preserve…

A: Probate Law: Probate refers to the general administering of a deceased person's will or the estate…

Q: A land development company that wants to protect itself against bodily injury liability claims…

A: An insurance is referred to as the contract, which used to represent through the policy, where an…

Q: Explain term Foreclosure?

A: Foreclosure:

Q: If what is promised is only the use of a specific thing which does not include its ownership, the…

A: The contributing partner is the partner of the partnership business which has contributed something…

Q: The cost of a title search and title insurance are typically part of the closing costs on a housing…

A: close costing: it is the expense beyond the cost of property when you close on house.

Q: Other than financial considerations, why should individuals consider preparing a valid will?

A: Valid will: This must comply with the legal requirements that are to be considered as a valid will…

Q: What Latin legal maxim translates to “owner bears the risk of loss”?

A: Until the goods are perfected and delivered, the seller is the owner of the goods. Whereas, after…

Q: The co-owner of an immovable property has a right to exercise A. pre-emption B. Redemption C.…

A: The co owner may exercise the right of redemption in case the immovable property...

Q: What is the purpose of the laws of distribution? Choose the correct.a. To guide the distribution of…

A: Will helps to distribute the estate of descendant to their family members. When there is no will,…

Q: Which is true regarding a like-kind exchange? Group of answer choices Personal-use assets qualify.…

A: Like-kind exchange refers to those transactions where assets or properties of similar nature…

Q: It would be the owner's responsibility in the management agreement to: Require the manager to keep…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Suppose the trustor died prior to the fulfillment of the trust purpose, will the assets form part of…

A: Answer: Concept Any trust deed have trustee and trustor so that the purpose of trust is solved.

Q: How can bookkeepers and accountants steal from a property, and what steps can be taken to prevent…

A: Embezzlement, misappropriation, theft, stealing, robbery, or call it what you want, which is usually…

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: Valuation is applied to this specific object so that a proper computation of rental charges can be…

A: It's true valuation is made of some object like building, office, machines or land etc. All these…

Q: Explain the requirements for the formation of a suretyship relationship.

A: Intrduction : A suretyship arrangement is described as a relationship in which a third person, the…

Q: Which of the following methods will NOT achieve the client's goal of distributing property at death…

A: In case of death of person it is necessary to transfer the wealth to the proper person for that…

Q: The generally accepted accounting principle that supports recording the value of a property at the…

A: Monetary principle says that a business should only record transaction if it is measured in monetary…

Q: What court will be responsible to hear the case a lawsuit based on dispute of real estate an…

A: There is judiciary system for every type of issues faced by the common people. There is a particular…