Laurel borrows $150,000 from Marketplace Mortgage Loans to buy a home. The financing documents require Laurel to maintain the property, obtain homeowners' insurance, and pay all property taxes and other assessments through the lender. With respect to these terms, a court is most likely to

Question

Laurel borrows $150,000 from Marketplace Mortgage Loans to buy a home. The financing documents require Laurel to maintain the property, obtain homeowners' insurance, and pay all property taxes and other assessments through the lender. With respect to these terms, a court is most likely to​

Quizplus · Accepted Answer

These are standard requirements in mortgage loan agreements and are meant to protect the lender's interest in the property. Therefore, a court is likely to enforce these terms.

Laurel Borrows $150,000 from Marketplace Mortgage Loans to Buy a Home