In a default of an FHA loan, if the default is beyond the borrower's control but deemed curable:
A) the foreclosure proceeds immediately.
B) there is a forbearance of foreclosure.
C) the foreclosure is required to be judicial rather than non-judicial.
D) the loan is automatically converted to a conventional loan.
Correct Answer:
Verified
Q7: The trustee in a bankruptcy works for:
A)
Q8: When a debtor files for bankruptcy:
A) the
Q9: The situation in which real property that
Q10: Some states allow non-judicial foreclosure. The part
Q11: Under the terms of most private mortgage
Q13: VA lenders are required to make every
Q14: If a property sells at foreclosure for
Q15: The option that gives a debtor an
Q16: The Rule of 72 states that whatever
Q17: Describe a credit bid.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents