Have there been any intervening liens? These are liens recorded or attached after the recordation of the mortgage but before any modifications to it. If so, what is their effect upon an extension agreement? If such liens exist, it is possible that the extension of an existing mortgage may amount to a cancellation of the mortgage and the making of a new one. If so, this could advance the priority of intervening liens.

Q: Determine the indifference price for a property that had an assumable below-market-rate loan?

A: Indifference price is the price at which the investor is indifferent to investing in any of the two…

Q: Why would a lease include a contingent payment provision? Explain.

A: Contingency payment provisions is a provision for a possible event or circumstance which is not…

Q: None

A: The most appropriate action to take to maintain the original integrity of the loan is to: Ensure…

Q: What is private mortgage insurance?  How does it work to protect a lender from risk?   What are the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is difference between lease method and installment method?

A: Lease:   It is an agreement between an owner of an asset (Lessor) and a tenant (lessee) where the…

Q: All of the following concepts with regard to the evolving title theory of mortgage lending are true…

A: mortgage is arranged loan in which lender is owner of property till mortgage amount are paid if loan…

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: calculate the value of the lease liability at the commencement in the lease?

A: Follow-up question. Given in the question: Rate of implicit in the lease known by lessee = 6.02%…

Q: Why does a finance lease is economically similar to a purchase of the asset?

A: There are many similarities between purchase of a asset and Finance lease, such as: In a finance…

Q: What factors would tend to affect the value of a lease?

A: Lease is a contract between two parties in which one party lends its property or asset to the other…

Q: statements be different in a leasing situation (for both operating leases and finance leases) for…

A: Leasing means an agreement between lessor and lessee in which lessor shall allowed to use the asset…

Q: Unless otherwise stated in the security agreement, if a debtor sells, exchanges or disposes of the…

A: Debtors -Any person or organization that owes money to a creditor is considered a debtor. The idea…

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…