When a borrower obtains a second mortgage from the seller and does not disclose it to the primary lender, it is referred to as a

A. secret second
B. lost loan
C. silent second
D. lousy loan

Answer: C. silent second

Business

You might also like to view...

According to the Normative Decision Model, the need for employee commitment is a primary determinant for using consultation as a decision style

a. true b. false

Business

If a family has young children, or there are children from a previous marriage, then a trust is probably the best way to go for estate planning

Indicate whether this statement is true or false.

Business