A lengthy foreclosure process can lead a loss as a percent of the balance of:
A) 1% to 3%
B) 4% to 7%
C) 40% to 50%
D) over 100%
Correct Answer:
Verified
Q2: For 95% loan-to-value loans FNMA requires that,as
Q3: When a loan is originated the lender
Q4: Default occurs when the borrower fails to:
A)
Q5: 12-17.If the value of the property is
Q6: A homeowner with negative equity in his
Q8: 12-16.A borrower is considered self employed if
Q9: 12-12.An appraiser will not generally deal with:
A)
Q10: 12-10.The following lien takes first place on
Q11: 12-13.The provisions of a deed of trust
Q12: A promissory note is:
A) a recourse note
B)
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