A second mortgage is
A) a seller's lien.
B) a smaller loan.
C) paid off 50/50 with a first mortgage at foreclosure.
D) junior to a superior mortgage lien.
Correct Answer:
Verified
Q4: A mortgagee in a lien theory state
Q5: Unless there is a specific agreement to
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)
Q10: The phrase "jointly and severally liable" in
Q11: A "due on sale" clause
A) may be
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
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