a. the bank that holds the mortgage has to approve of the selling price b. the bank that holds the mortgage can require the purchaser to take out a mortgage with c. the seller is guaranteed not to owe the bank any money if the bank approves of the sel price d. the property can only be purchased by a midget

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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If a person sells their house on a short sale
a. the bank that holds the mortgage has to approve of the selling price
c.
b. the bank that holds the mortgage can require the purchaser to take out a mortgage with it
the seller is guaranteed not to owe the bank any money if the bank approves of the selling
price
d. the property can only be purchased by a midget
Which of the following is true?
a. Foreclosed properties are usually in good condition.
b.
c.
You would have no problem getting a FHA mortgage on a foreclosed property.
The foreclosed property is still owned by the current resident but the bank is making him
or her sell it.
d. Foreclosed properties are sold as is.
An engineering inspection
a. is a good idea only if the property is very old
b.
a good idea no matter the age of the property for sale
c.
is usually paid for by the seller
d. usually run into the tens of thousands of dollars
Transcribed Image Text:If a person sells their house on a short sale a. the bank that holds the mortgage has to approve of the selling price c. b. the bank that holds the mortgage can require the purchaser to take out a mortgage with it the seller is guaranteed not to owe the bank any money if the bank approves of the selling price d. the property can only be purchased by a midget Which of the following is true? a. Foreclosed properties are usually in good condition. b. c. You would have no problem getting a FHA mortgage on a foreclosed property. The foreclosed property is still owned by the current resident but the bank is making him or her sell it. d. Foreclosed properties are sold as is. An engineering inspection a. is a good idea only if the property is very old b. a good idea no matter the age of the property for sale c. is usually paid for by the seller d. usually run into the tens of thousands of dollars
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