today:
195
yesterday:
299
Total:
1,016,893

부동산

Real Estate Law 70

2019.05.13 18:35 Views : 109

Check Your Understanding Answers

  1. What is a deed of trust?

    A deed of trust is a legal document which transfers title to a property to a third-party trustee as security for an obligation owed by the trustor (the borrower) to the beneficiary (the lender). 
     
  2. List two reasons that lenders prefer to use the deed of trust when making loans. (See other correct answers on page 12.)

    A trustee may be given the power to sell property after default without going through the time-consuming judicial foreclosure process. 

    A deed of trust can be used to secure more than one note.
     
  3. Define acceleration.

    If the borrower violates any of the covenants of the contract, the beneficiary may call for payment of the loan in full and the trustee may sell the property after he or she has filed all the proper notices.
     
  4. List two differences between a mortgage and a deed of trust. (See other correct answers on page 15.) 
    • A mortgage is a lien on the property being given as collateral, with the legal title remaining in the name of the borrower. In a deed of trust, the borrower conveys the property to the trustee, who holds the title to the collateral on behalf of the lender until the loan terms have been satisfied. 
    • A mortgage may be discharged by a simple acknowledgement that the loan terms have been satisfied. A deed of trust is discharged using a reconveyance of title form.
No. Subject Date Views
Notice 부동산 용어사전 2019.04.15 2195
Notice 부동산 용어 (A to Z) 2019.03.03 1439
171 Real Estate Law 41 2019.05.09 115
170 Real Estate Law 16 2019.05.06 114
169 Literature/journalism 2018.08.26 114
168 Real Estate Law 24 2019.05.07 113
167 Real Estate Practice -3 (Understanding-Answers) 2019.04.11 113
166 Real Estate Law 88 2019.05.15 112
165 Real Estate Law 36 2019.05.08 112
164 Real Estate Law 18 2019.05.06 112
163 민사소송 소멸시효 (Statute of Limitations) 2019.04.02 112
162 Chapter(2) Overview 2019.02.28 112
161 Real Estate Law 84 2019.05.15 111
160 Real Estate Law 19 2019.05.06 111
159 Real Estate Law 67 2019.05.12 110
158 Real Estate Law 58 2019.05.11 110
157 Order of payments in foreclosure 2019.04.01 110
156 TEST 22 2019.03.26 110
155 Chapter 14 Conclusion 2019.03.07 110
154 Real Estate Law 74 2019.05.13 109
» Real Estate Law 70 2019.05.13 109
152 CHAPTER 11 2019.03.06 109
151 Real Estate Law 59 2019.05.11 108
150 Real Estate Law 46 2019.05.10 108
149 Real Estate Law 30 2019.05.07 108
148 Real Estate Law 20 2019.05.06 108
147 Real Estate Practice - 38 (Understanding-Answers) 2019.04.29 108
146 CHAPTER 1 file 2019.02.27 108
145 8645 Butte Circle Unit#601E, Huntington Beach, CA 92646 2021.12.05 107
144 Real Estate Law 85 2019.05.15 107
143 Real Estate Law 83 2019.05.15 107
142 TEST 15 2019.03.07 107