A borrower wants provisions written into his mortgage whereby the lender will remove a portion of the property from the mortgage upon partial repayment of the loan. The borrower would ask for an alienation clause.
Correct Answer:
Verified
Q30: A mortgagor signs a deed conveying title
Q31: Which of the following requires a public
Q32: An acceleration clause most nearly means to
Q33: A legal description of the property typically
Q34: If a foreclosed property has sold for
Q36: If an owner of a single-family residence
Q37: The right of the mortgagor to reclaim
Q38: A mortgagee allows a clause in his
Q39: A beneficiary allows a clause in his
Q40: The mortgage holding the highest priority would
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