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36 Cards in this Set
- Front
- Back
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Usually has a release clause and covers more than one parcel of real estate |
A blanket mortgage |
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A deed of trust is |
A type of real estate mortgage |
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Lis pendens is what |
A notice of pending court action |
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A mechanics lien once filed is a valid lien on the subject property for how long |
Six months |
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The act of extinguishing a debt by regular payment is |
Amortization |
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A defeasance clause is in a mortgage for their protection of the |
Borrower |
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What is the borrowing instrument that permits additional sums of money to be loaned by the same security device |
Open end note and mortgage |
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Who places deed restrictions on real estate |
Grantor |
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The primary difference in buying property subject to the mortgage instead of assumption of the mortgage is in |
The obligation of the vendee |
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When the title holder is in default and a court is asked to enforce the lenders Lien this action is called |
Foreclosure |
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What clause in a mortgage or trusteed calls for lenders action on the lender claims have been nullified |
Defeasance clause |
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Payments on a deed of trust are due the |
Beneficiary |
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What is a security instrument in a real estate transaction |
Trust deed |
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The priority a bagel mean is the absence of fraud created of the date it was |
Recorded |
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The primary difference in buying property subject to the mortgage instead of assumption of a mortgage is in the |
The obligation of the vendee |
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The priority of the lien is in the absence of fraud created as of the date |
Recorded |
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In a blanket mortgage which special clause would you most likely find |
Release |
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And encumbrances anything that burdens |
Title to the property |
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A deed of trust to trust may be released from records by |
Recording the reconveyance |
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The type of mortgage where the lender pays the borrower based on the equity of the home is called |
Reverse annuity |
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The monetary judgment by the court is |
And involuntarily lean on the personalty and realty of the subject debtor |
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A signed release to substitute a new mortgagor for the original mortgage or is called |
Novation |
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The estoppel certificate primarily benefits |
The investor who purchases the note and mortgage |
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Do you restrictions are placed on real property to |
Limit the use of the subject property by the grantee |
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The difference between actual value of a property and the total amount of liens against the property would be |
The owners equity |
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Arizona State law provides for which of the following in regards to a mechanics lien |
Assignment of the lien |
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A document in which requires verification and recordation notes for it to have validity is |
Mechanics lien |
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In states allowing a trust deed what is not true |
A trust deed conveys legal title to the trustor |
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To pledge something as collateral as in a mortgage is best defined as |
Hypothecation |
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A trust deed is signed by the |
Trustor |
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A trust deed is signed by the |
Trustor |
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If a lender releases and original bar were from his liability for a mortgage the situation must be evidenced by an agreement called and |
Novation |
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A person wishes to enforce the judgment they would exercise |
Writ of execution |
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A person wishes to enforce the judgment they would exercise |
Writ of execution |
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If it were going to eliminate a nuisance which of the following actions would apply |
Abatement |
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A negative amortization loan would be a loan |
Where the principal balance increases |
