12-16.A borrower is considered self employed if he or she has ownership in a company greater than:
A) ten percent
B) twenty-five percent
C) thirty percent
D) fifty percent
Correct Answer:
Verified
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
Q7: A lengthy foreclosure process can lead a
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)
Q13: 12-20.A theory that states that no borrower
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