What is a junior mortgage?
A) Second mortgage
B) Mortgage on the equity of redemption
C) Mortgage subject to a prior mortgage
D) All of the above
Correct Answer:
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Q12: What clause in a mortgage causes the
Q13: What term describes the right to redeem
Q14: What legal documents grant the right of
Q15: What happens when a mortgagor sells real
Q16: What term describes a situation when a
Q18: What is involved in refinancing?
A) Extinguishing a
Q19: What document does the mortgagor sign when
Q20: What document shows that specified parcels of
Q21: A mortgage is a conveyance of real
Q22: Traditionally, the mortgagor would lose title to
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