A "due on sale" clause
A) may be called a subordination clause.
B) gives the lender the right to call the entire loan balance upon alienation.
C) is the right of a mortgagor to repay a loan.
D) gives the mortgagor the right to sell his property with a loan assumption by the buyer.
Correct Answer:
Verified
Q6: In some states, a mortgage is considered
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
Q12: A property is sold and the buyer
Q13: A promissory note
A) describes the property being
Q14: Barry purchased Bob's home without accepting obligation
Q15: A borrower who wanted to make a
Q16: Which of the following claims against a
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