Unit 10 Quiz PDF
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Summary
This document contains a quiz about real estate investment, focusing on topics such as mortgages, foreclosures, and related concepts. The quiz is likely part of a larger course or textbook on real estate investment. Several fundamental questions are posed regarding the key principles related to mortgaged properties.
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**Unit 10 Quiz** {#unit-10-quiz.ListParagraph} ================ 1\. A property is encumbered by both a senior and junior loan. If the property is sold at foreclosure, after costs, the 2\. Your client wishes to purchase an apartment building and assume the existing mortgage at the original interest...
**Unit 10 Quiz** {#unit-10-quiz.ListParagraph} ================ 1\. A property is encumbered by both a senior and junior loan. If the property is sold at foreclosure, after costs, the 2\. Your client wishes to purchase an apartment building and assume the existing mortgage at the original interest rate. There is no due-on-sale clause in the mortgage. Your client 3\. Rollover loans are advantageous to lenders because 4\. After the notice of foreclosure of a note and mortgage, the borrower can 5\. The owner of an apartment complex with long term financing in place wishes to sell in Year Four of the mortgage loan. Which clause in the note and mortgage or deed of trust should be examined for its potential economic impact?
