Exchange traded funds a. have a higher management fee than other mutual funds b. require someone to sell their funds as you purchase yours c. get larger as more people buy into the fund d. do not allow you to take a short position Which of the following is false about FHA mortgages? a. A home-owners' association can vote to not allow FHA mortgages. You can get an FHA mortgage without an engineering inspection. The FHA can refuse to give a mortgage if there are too many renters in the housing complex. d. The FHA can refuse to give a mortgage if there are too many people in the housing complex behind in their homeowners' association dues. b. c. Which of the following statements is false? a. If your home is sold in a foreclosure the bank can collect from you the difference between what you currently own on the property and the selling price. b. A short sale only occurs when the seller is "underwater" and behind on the mortgage payment. c. If a property sells for less than the outstanding mortgage and the bank forgives the difference, the amount of the forgiveness is taxable. d. A short sale typically sells within 10 days of the property is listed for sale.
Exchange traded funds a. have a higher management fee than other mutual funds b. require someone to sell their funds as you purchase yours c. get larger as more people buy into the fund d. do not allow you to take a short position Which of the following is false about FHA mortgages? a. A home-owners' association can vote to not allow FHA mortgages. You can get an FHA mortgage without an engineering inspection. The FHA can refuse to give a mortgage if there are too many renters in the housing complex. d. The FHA can refuse to give a mortgage if there are too many people in the housing complex behind in their homeowners' association dues. b. c. Which of the following statements is false? a. If your home is sold in a foreclosure the bank can collect from you the difference between what you currently own on the property and the selling price. b. A short sale only occurs when the seller is "underwater" and behind on the mortgage payment. c. If a property sells for less than the outstanding mortgage and the bank forgives the difference, the amount of the forgiveness is taxable. d. A short sale typically sells within 10 days of the property is listed for sale.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Exchange traded funds
a. have a higher management fee than other mutual funds
b. require someone to sell their funds as you purchase yours
c. get larger as more people buy into the fund
d. do not allow you to take a short position
Which of the following is false about FHA mortgages?
A home-owners' association can vote to not allow FHA mortgages.
a.
b. You can get an FHA mortgage without an engineering inspection.
C.
The FHA can refuse to give a mortgage if there are too many renters in the housing
complex.
d. The FHA can refuse to give a mortgage if there are too many people in the housing
complex behind in their homeowners' association dues.
Which of the following statements is false?
a.
If your home is sold in a foreclosure the bank can collect from you the difference
between what you currently own on the property and the selling price.
b.
A short sale only occurs when the seller is "underwater" and behind on the mortgage
payment.
c.
If a property sells for less than the outstanding mortgage and the bank forgives the
difference, the amount of the forgiveness is taxable.
d. A short sale typically sells within 10 days of the property is listed for sale.
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