An escrow agreement and a mortgage A promissory note and a mortgage or deed of trust A promissory note and a property conveyance binder A mortgage or a deed of trust and a recordable affidavit

Q: mortgage loan, the borrower always creates two documents: a note and a mortgage. Please describe the…

A: When granting mortage loan to the borrower lender wants saftey of payments and wants that borrower…

Q: Explain the accounting for a service-type warranty.

A: Warranty: Warranty can be defined as a promissory document which is given by the manufacturer to…

Q: Which one of the following options is correct for a journal entry creating provision for warranty…

A: SOLUTION- THE COMPANY NEEDS TO MAKE PROVISION OF WARRANTY WHEN IT SELLS THE PRODUCT WITH THE…

Q: The borrower-mortgagor has the longest periods of equitable and statutory redemption if the…

A: A borrower, also known as a mortgagor, is an individual or  reality that borrows money from a…

Q: Contingent liabilities that are classified as reasonably possible or probable must each be footnoted…

A: Contingent liabilities are potential future obligations dependent on specific events, such as…

Q: Define promissory note. Who are the original parties to a promissory note?

A: A promissory note is a valid, financial instrument in which one party guarantees another to settle…

Q: A release clause in a note and deed of trust is activated by a.​the full satisfaction of the terms…

A: The release clause allows for the freeing of all or part of a property from a claim by the creditor…

Q: Contingent liabilities that are reasonably possible are disclosed in the notes. True or False True…

A: Contingent liabilities are potential obligations that may arise from future events, and their…

Q: The document a lender gives a borrower detailing the actual costs of a loan is called     a…

A: A truth in lending disclosure is an agreement where there are some important disclosure made by the…

Q: Briefly describe the process that led from a homeowner purchasinga home to an investor purchasing a…

A: CDO is the security that is issued to several investors backed by the collateral assets held by the…

Q: Describe the types of warranty.

A: Warranty: Estimated liability is an exact dollar amount of debt or obligation which is valued at a…

Q: A(n) _________ is a lender, seller, or any other person in whose favor there is a security interest.…

A: Following are the definitions:   Unsecured Creditor: A creditor not having the benefit of security…

Q: Amortgage agreement provides the lender with Nonpossessory B) Secured Unsecured D) Possessory…

A: Mortgage loans are very common in the buying of homes mortgage makes home buying quite easy for the…

Q: A promotional item offered to buyers of specific products is called ________. Group of answer…

A: The question is asking for the term used to describe a promotional item that is offered to buyers…

Q: Maxine Peru, the CEO of Peru Resources, hardly noticed the plate of savory quenelles de brochet and…

A: Net Present Value (NPV) analysis: Initial investment: $10 million (possible cost overruns 10-15%)…

Q: Which are the Some covenants that may be included in the mortgage document?

A: Covenants is a contract specifying the rules and regulations between the borrower and sender.…

Q: Explain Acquiring Title “Subject to” a Mortgage?

A: Utilizing any real estate or property as a surety for obtaining any kind of loan is known as a…

Q: The party to whom the payment is to be made in a promissory note The party making the promise to pay…

A: Solution: Promissory note is an instrument in which one party gives a written promises to another…

Q: In some states, a mortgage is considered to be a lien on real property. In other states, like…

A: A mortgage is type of arrangement between borrower and lender under which lender have the right to…

Q: Explain Special Warranty Deed?

A: Special Warranty Deed: A special warranty deed is a steadfast property deed in which the property…