Sara has a fixed-rate mortgage.The index rate for her mortgage
A) is a government-determined rate.
B) can only be adjusted upward.
C) can only be adjusted downward.
D) cannot be adjusted.
Correct Answer:
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Q22: To initiate a foreclosure, a lender must
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Q25: In a friendly foreclosure,the property is conveyed
Q26: If equity remains after a foreclosed property
Q27: A notice of sale is usually published
Q28: Judicial foreclosure is available in all states.
Q30: A power of sale foreclosure is supervised
Q32: All states allow power of sale foreclosures.
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