Foreclosures Quiz Attempt #4
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Question 1 of 15
1. Question
Which of the following correctly states the right of a borrower to reclaim a property by reimbursing an investor after a foreclosure sale in the state of Georgia.
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Question 2 of 15
2. Question
How long is the redemption period after a foreclosure?
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Question 3 of 15
3. Question
The legal process by which a borrower in default under a mortgage is depreived of his or her interest in the mortgaged property is ______
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Question 4 of 15
4. Question
What is an assumption?
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Question 5 of 15
5. Question
Which of the following would be the most reasonable purpose for a public auction?:
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Question 6 of 15
6. Question
The mortgage is considered to be in _____ after the first 30 days of non payment
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Question 7 of 15
7. Question
When do deeds of conveyence have to be recorded after closing?
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Question 8 of 15
8. Question
What is typically used as collateral in a home loan?
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Question 9 of 15
9. Question
Which of the following foreclosure is handled entirely under the auspices of the court and is treated as a civil lawsuit
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Question 10 of 15
10. Question
Which type of bankruptcy is most commonly used?
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Question 11 of 15
11. Question
Once a foreclosure sale is final, some states allow a borrower to reclaim a property after a foreclosure sale by reimbursing the investor who purchased the property at the sale. This right is known as the right of statutory redemption and:
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Question 12 of 15
12. Question
The two parts to a loan are:
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Question 13 of 15
13. Question
Which of the following is a late charge?
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Question 14 of 15
14. Question
The lien that would usually be given highest priority in distributing funds from a foreclosure sale is:
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Question 15 of 15
15. Question
What is a promissory note?
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