13-38.In the event that the contract price exceeds the appraised value of the property: I.the VA will cover the difference.
II) the FFIA will cover the difference.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
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
Q35: 13-28.Which of the following is NOT a
Q37: 13-30.Besides the physical characteristics of the property
Q38: 13-26.Accepted appraisal standards require that the appraiser
Q39: 13-35.The record of fees,charges,and payments at the
Q40: 13-32.For FHA loans a lender can do
Q41: 13-41.Mortgage bankers receive income from: I.marketing rate
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