Which of the following statements is TRUE?
A) the promise to repay a mortgage is the covenant
B) the lender is the mortgagor and the borrower is the mortgagee
C) houses that are sold on a power of sale usually bring a price above market value
D) in a foreclosure if the lender sells the property the lender must return any money above the value of the mortgage to the borrower
E) a home owner cannot legally take more than three mortgages on one property
A
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Dan is 25, and he expects his income to increase over the next 10 years. Under the disability income insurance policy, he is considering, why might he add a guaranteed insurability rider?
A) The rider will allow him to increase his benefit amount every time his income increases. B) The rider will allow him to increase his benefit amount periodically without being required to show evidence of insurability. C) If he becomes disabled, the rider will pay benefits in addition to any Social Security benefits he might receive. D) The rider will increase his benefits to reflect increases in the cost of living.
The researcher should remember that the rule is, "Tell it like it is," when writing the objective section of the marketing research report
Indicate whether the statement is true or false