A type of financing instrument in which the owner (vendor) retains the legal title until the buyer (vendee) fulfills the terms of the purchase contract:
A) lease contract
B) installment sales contract
C) wraparound contract
D) junior lien contract
Correct Answer:
Verified
Q2: The three major credit reporting agencies are:
A)
Q3: In an installment sales contract, title to
Q4: An enforceable due-on-sale clause is correctly called
Q5: The major source for junior loans (2nds,
Q6: The CalHFA program:
A) is a secondary mortgage
Q7: Under the Real Property Loan Law, the
Q8: A mortgage broker negotiated a loan for
Q9: A straight note differs from an installment
Q10: The ultimate source of all loan funds
Q11: The maximum FHA insured loan under the
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