Foreclosures Quiz Attempt #2
Quiz Summary
0 of 15 Questions completed
Questions:
Information
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
Results
Results
0 of 15 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
| Average score |
|
| Your score |
|
Categories
- Not categorized 0%
-
You must review the content in this section and reattempt this quiz before proceeding to the next section.
-
Congrats!! You may now proceed to the next Unit!
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- Current
- Review
- Answered
- Correct
- Incorrect
-
Question 1 of 15
1. Question
How long after a forcelosure sale is the redemption period still available?
CorrectIncorrect -
Question 2 of 15
2. Question
What is the legal process called by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property?
CorrectIncorrect -
Question 3 of 15
3. Question
Define assumption:
CorrectIncorrect -
Question 4 of 15
4. Question
_____________ is the main purpose one would hold a public auction.
CorrectIncorrect -
Question 5 of 15
5. Question
Failure to make a payment after the first 30 days causes the loan to go into:
CorrectIncorrect -
Question 6 of 15
6. Question
How quickly do deeds of conveyence have to be recorded after closing?
CorrectIncorrect -
Question 7 of 15
7. Question
What can the lender take as collateral in a home loan if the borrower defaults on payments?
CorrectIncorrect -
Question 8 of 15
8. Question
A type of foreclosure proceeding that is conducted entirely under the auspices of a court and is handled as a civil lawsuit:
CorrectIncorrect -
Question 9 of 15
9. Question
What is the redemption period after a foreclosure sale is complete?
CorrectIncorrect -
Question 10 of 15
10. Question
Of the following, what is true about the right of a borrower to reclaim a property by reimbursing an investor from a foreclosure sale:
CorrectIncorrect -
Question 11 of 15
11. Question
The most popular type of bankruptcy is called?
CorrectIncorrect -
Question 12 of 15
12. Question
What are the two parts to a loan?
CorrectIncorrect -
Question 13 of 15
13. Question
A late charge is:
CorrectIncorrect -
Question 14 of 15
14. Question
_______________ would usually be given highest priority in distributing funds from a foreclosure sale.
CorrectIncorrect -
Question 15 of 15
15. Question
A promissory note is:
CorrectIncorrect