BUSI 422 Read & Interact Brueggeman & Fisher Chapter 2 solutions complete answers

BUSI 422 Read & Interact Brueggeman & Fisher Chapter 2 solutions complete answers

 

Match the following:

 

Traditionally, which of the following has a higher interest rate?

 

The time when a loan must be paid off is the:

 

A mortgage is a(n) ________ interest.

 

A___________document determines the real property acting as security for a loan.

 

Which document creates the obligation to repay a loan?

 

Life estates, fee simple estates, and reversions can all:

 

The rate of interest may be:

 

Lenders generally regard which of the following to be excellent security for a loan?

 

A mortgage document determines the ________________property acting as security for a loan.

 

Which document pledges the designated property as security for the debt?

 

If an interest in real estate can be transferred, then it:

 

True or false: The majority of mortgage lending today is institutional lending.

 

If the value of a property serving as security for loans go down, lenders may see ______ effects on their loan.

 

Payments towards property taxes are usually managed by the lender and held in an____________account

 

Institutional mortgages are__________ ___documents.

 

Unpaid taxes _______ wipe out a mortgagee's security interest.

 

An assumption agreement will change the responsibility for the debt payment from the   to the  .

 

A valid mortgage document requires which of the following?

 

True or false: Riparian rights can not be security for a mortgage.

 

Mortgages are loans that are ______ by properties.

 

The ______ typically manages an escrow account.

 

The charges and liens clause protects the ______.

 

An assumption agreement binds _______.

 

Which of the following property is covered by a mortgage security?

 

True or false: By recording a mortgage, the holder loses priority over subsequent acts of the mortgagor.

 

Rank the following based on their risk (higher to lower risk):

 

The act of recording ________.

 

When might seller financing be used?

 

A "______________________ foreclosure" is one potential alternative to default during a workout.

 

A seller may offer a lower-than-market interest rate on a mortgage to:

 

An extension agreement is for ______.

 

A land contract may be used when the buyer has_____________________ obtaining third-party financing.

 

A mortgagor who is able to refinance their loan is more or less likely to ask for an extension agreement?

 

If installment payments are not made, then a mortgage____________occurs.

 

If the value of the property____________________ the balance due on a mortgage, a transfer may occur.

 

Restructuring a mortgage loan is one potential alternative to default during a_________________.

 

An________________agreement allows the mortgage terms to be extended for a period of time.

 

If the condition of the security is in disarray, the likelihood of an extension agreement will go up or down?

 

A voluntary conveyance might be done because:

 

A purchaser will be_______________ to accept a transfer of mortgage if they believe the value of the property exceeds the balance due on the mortgage.

 

A short sale occurs if the proceeds from the sale are___________________than the balance owed on the loan.

 

Mortgagees ______ insist upon the exact letter of the contract.

 

To accomplish a_____________________ , the full amount of debt, interest, and costs due to the mortgage must be paid off.

 

Anyone using a deed of trust should hire a local real estate ______.

 

A deficiency judgment is an amount owed after a ______ and _______.

 

Deficiency judgments are _______ claims.

 

Chapter 7 bankruptcies usually result in the_____________of a debtor's assets while a Chapter 11 bankruptcy tries to_________________the debtor's assets.

 

A mortgage is a(n) ________ interest.

 

A mortgage document determines the ___________ property acting as security for a loan.

 

Which document pledges the designated property as security for the debt?

 

Life estates, fee simple estates, and reversions can all:

 

The time when a loan must be paid off is the:

 

Lenders generally regard which of the following to be excellent security for a loan?

 

A _____________ document determines the real property acting as security for a loan.

 

Which document creates the obligation to repay a loan?

 

Mortgages are loans that are ______ by properties.

 

If an interest in real estate can be transferred, then it:

 

An assumption agreement binds _______.

 

A valid mortgage does not need to be:

 

Which of the following property is covered by a mortgage security?

 

Traditionally, which of the following has a higher interest rate?

 

The act of recording ________.

 

If the value of a property serving as security for loans go down, lenders may see ______ effects on their loan.

 

An assumption agreement will change the responsibility for the debt payment from the ________________ to the ______________

 

A land contract may be used when the buyer has ______________ obtaining third-party financing.

 

True or false: Riparian rights can not be security for a mortgage.

 

If installment payments are not made, then a mortgage _____________ occurs.

 

Restructuring a mortgage loan is one potential alternative to default during a _______________

 

A seller may offer a lower-than-market interest rate on a mortgage to:

 

Generally, land contracts and purchase-money mortgages are used in ______ situations.

 

A purchaser will be ______________ to accept a transfer of mortgage if they believe the value of the property exceeds the balance due on the mortgage.

 

The most common default is:

 

A voluntary conveyance ______.

 

Traditionally, which of the following has a higher interest rate?

 

A __________________ sale occurs if the proceeds from the sale are less than the balance owed on the loan.

 

A mortgagor who is able to refinance their loan is more or less likely to ask for an extension agreement?

 

If the value of the property ____________ the balance due on a mortgage, a transfer may occur.

 

Redemption is the process of ________ a title conveyed by a foreclosure sale.

 

The deed of trust is _______.

 

A short sale occurs if the proceeds from the sale are _____________ than the balance owed on the loan.

 

A deficiency judgment is an amount owed after a ______ and _______.

 

Mortgagors must pay property ____________

 

True or false: At the first evidence of default, mortgagees foreclose on a property.

 

The goal of a bankruptcy is to make the debtor:

 

To accomplish a ________________, the full amount of debt, interest, and costs due to the mortgage must be paid off.

 

True or false: Chapter 7 bankruptcies are available to any person.

 

The deed of trust is commonly used in which of the following states?

 

Deficiency judgments are _______ claims.

 

Property taxes are a(n) ______ of the mortgagor.

 

Chapter 13 bankruptcy is available to individuals with unsecured debts less than:

 

During a bankruptcy, the ____________ takes over the property.

 

A "straight bankruptcy" is also known as:

 

Chapter 7 bankruptcies usually result in the ________________ of a debtor's assets while a Chapter 11 bankruptcy tries to _______________ the debtor's assets.

 

Chapter 13 bankruptcy is most likely to be used by: