Mortgages or Deeds of Trust Quiz Attempt #3

When will the title of the property actually be transferred to the recipient?

Which type of insurance does a security deed usually require the borrower to maintain?

Which of the following documents would a buyer need to have in addition to the signed note at the closing when financing the purchase of a home in Georgia?

When is a lender permitted to declare the entire debt payable if the payable if the borrower defaults on loan payments according to the clause in a mortgage document?

A security deed or better know as ________, conveys legal title to the lender.

A deed must be signed by:

Which of the following is similar to a call option?

A monthly mortgage payment, on an impounded loan, has four components what are they?

When refering to a “periodic rate cap” which statement relates best?

Which of the following best describes a late charge

In Georgia, if a sales contract fails to close and the acting parties cannot reach an agreement on how the earnest money should be disbursed, the broker holding the money can do any of the following EXCEPT:

Recording the deed provides constructive notice of the ______ interest in the property

If a borrower signs a security deed on a residential property in Georgia, then

Which of the following terms is another way a lender can be distinguished?

Which of the following describes the “Secondary Market”?