A mortgage default is defined as:
A) Three months of missed payments.
B) A debtor with no equity in her home.
C) A failure by the mortgagor to comply with any terms of the mortgage agreement.
D) Changing insurance companies.
Correct Answer:
Verified
Q167: After the property is sold in foreclosure
Q168: Which of the following is not a
Q169: A piggyback mortgage:
A) Is a second mortgage
Q170: Under a hybrid adjustable mortgage:
A) The mortgagor
Q171: Under a negative amortization loan, a mortgagor:
A)
Q173: When a debtor returns to the original
Q174: The Hope for Homeowners Act:
A) Is the
Q175: Which of the following is not true
Q176: Underwater means:
A) A mortgagor owes less on
Q177: The TILA-RESPA Integrated Disclosure Process:
A) Allows rescission
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