When should the right of redemption be exercised in extrajudicial foreclosure of real estate mortgage?   a. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a natural person b. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a juridical person c. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a juridical person or a bank d. Three months after foreclosure or before registration of certificate of foreclosure whichever is earlier, if creditor is a juridical person and a bank

Q: (a) As a general rule, does the death of either the creditor or the debtor extinguish obligations…

A: In a contract of debt there will be debtor and creditor and in such contracts, obligations are…

Q: In pacto de retro sale or sale with a right to repurchase of an immovable property, what is the…

A: Correct answer is (C) 10 years .i.e In pacto de retro sale or sale with a right to repurchase of an…

Q: b.bond payable c.two-year note payable

A: Current liabilities are a company's short-term financial commitments due within a year or during a…

Q: Which of the following will be classified as a current liability? O a. Two-year noțes payable Ob.…

A: Please find the answer to the above question below:

Q: which of the followings is considered as long term liability :Select one .a mortgage payable .b…

A: a. mortgage payable is the right answer. Other option are incorrect as they are short term…

Q: When a company sells property and then leases it back, any gain on the sale should usually be…

A: A lease agreement between the two parties in which one party (known as the finance company) is the…

Q: What is the process of abatement? Select one: a.The establishment of how the creditors will be…

A: An abatement is a reduction or an exemption on the level of taxation faced by an individual or…

Q: A lender whose mortgagor has defaulted may be offered a deed in lieu of foreclosure. If he accepts,…

A: The correct answer is: (B) The lender will take title subject to any junior Liens. A deed in lieu of…

Q: What is the surety status of any grantees who have assumed the mortgage? Will an extension of time…

A: If one assumes someone’s mortgage, it indicates that one is agreeing to take on the debt. So, when…

Q: Mortgage fees paid by the homeowner at, or prior to, closing on the purchase of a house typically…

A: There are various mortgage fees levied

Q: or single periodic rental in an instalment sale or finance lease of personal property assuming a…

A: Instalment sale or finance lease of personal property: The instalment sale or finance lease of…

Q: he following are necessary for a lease alid, except:

A: Lease is type of finance in which right to use is given for given specified period and client has…

Q: In the foreclosure of there al property mortgaged in a contract of reale state mortgage, which of…

A: In the foreclosure of there all property mortgaged in a contract of real estate mortgage  may…

Q: Please address legislation passed that increased protection for homeowners from foreclosure or at…

A: Foreclosure is a legal process where a lender or a creditor or mortgage holder can recover or sell…

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: It refers to the right of mortgagor to redeem the mortgaged property after his default of the…

A: The question is related to the choose the correct option for the given statement. Redemption means…

Q: In an executor's accounting for an estate, debts and other obligations are recorded Select one:…

A: The accounting process that is used by an an executor of an estate is different and unique.  This…

Q: Have there been any intervening liens? These are liens recorded or attached after the recordation of…

A: Lien is a right on mortgaged property. Under lien, the ownership of asset belongs to the lender…

Q: Where is debt callable by the creditor reported on the debtor's financial statements? a) Long term…

A: Definition:   Current liabilities: The obligations owed by a company to creditors and suppliers and…

Q: When is the title of the asset transferred in Ijarah (Al-Muntahiyah Bit Tamleek) to the client?…

A: Ijarah is a term of Islamic fiqh which basically means to give something on rent.the term ijarah is…

Q: If a borrower lives in a recourse state and defaults on a mortgage note that contains an exculpatory…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: 20. On December 31, 2016, London Bank granted a P5,000,000 loan to borrower with 10% stated rate…

A: Bond: It is long-term source of finance issued by the firm to raise money. It has a fixed maturity…

Q: 17 What is an REO?

A: Option B: Redemption extension to the owner refers to the extension of the redemption period for the…

Q: A mortgagee is entitled to certain consideration in the event of a loss to property when indicated…

A: A mortgage is the entity that lends money to the borrower to purchase any asset. A mortgage provides…

Q: Which of the following security instruments, if any, does not allow the debtor the right of…

A: The progression of the foreclosure brought some respite to the mortgagees. Upon default, the…

Q: tenant have any right to exlude the landlord and remain on the premises.   2. a tenancy that…

A: tenancy at will is a property tenure that can be terminated anytime either by the landlord or by the…

Q: x Co. can deduct life insurance premiums paid providing: the life insurance policy is required as…

A: Answer:-  Life insurance premiums:- Life insurance premium can be defined as the payment that a…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.