In some states, a mortgage is considered to be a lien on real property. In other states a mortgage is interpreted as
A) a bona fide purchase.
B) a transfer of title.
C) a sales contract.
D) equitable title.
Correct Answer:
Verified
Q1: Which is an example of pledged property?
A)
Q2: Of the following parties to a mortgage,
Q3: When a borrower gets behind on his
Q4: A mortgagee in a lien theory state
Q5: Unless there is a specific agreement to
Q7: Which lien would have highest priority?
A) Property
Q8: The parties to a mortgage are called
A)
Q9: A second mortgage is
A) a seller's lien.
B)
Q10: The phrase "jointly and severally liable" in
Q11: A "due on sale" clause
A) may be
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