13-31.In a loan closing the following two related but distinct transactions are completed:
A) buyer allows closing agent to prepare documents and attorney signs release
B) title of the property passes to buyer and attorney signs release
C) buyer signs a promissory note and title to property passes to buyer
D) buyer signs a promissory note and attorney signs release
Correct Answer:
Verified
Q24: 13-34.A deed conveys:
A) title of the property
Q25: 13-29.The appraisal concept that the best indicator
Q26: 13-36.The origination,servicing,and sale of mortgage loans is
Q27: 13-27.The approach based on the idea that
Q28: 13-21.The following is required in conjunction with
Q30: 13-24.For VA guaranteed loans,the value established is
Q31: 13-23.FIRREA mandates:
A) that state certified or licensed
Q32: 13-33.A promissory note represents:
A) the borrower's promise
Q33: 13-40.A record stating the amounts that are
Q34: 13-22.The following is not considered one of
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