Homework Help is Here – Start Your Trial Now!
Business
Management
Pls help ASAP for both

Pls help ASAP for both

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
See similar textbooks
icon
Related questions
Question

Pls help ASAP for both

Nataliya, a mortgage broker, is interviewing a potential new mortgage investor. John. John would like to know what options he'll have should a borrower fail to make a mortgage payment. Given this scenario, which of the following statements explaining his options is most correct? Select one: a. John can collect from mortgage default insurance if he suffers a loss b. John can charge an NSF fee c. John can start a power of sale process the day after any missed payment d. John can immediately obtain a judgment
Transcribed Image Text:Nataliya, a mortgage broker, is interviewing a potential new mortgage investor. John. John would like to know what options he'll have should a borrower fail to make a mortgage payment. Given this scenario, which of the following statements explaining his options is most correct? Select one: a. John can collect from mortgage default insurance if he suffers a loss b. John can charge an NSF fee c. John can start a power of sale process the day after any missed payment d. John can immediately obtain a judgment
Joseph is preparing Form 1 for presentation to a private investor, in which the property to be mortgaged is currently under construction. Joseph has collected the appropriate list of risks that he wishes his investor to be aware of, and is now considering how to disclose them. Given this scenario, which of the following options is most correct with regard to disclosing these risks? Select one: a. Joseph may use Form 1.2 or include these risks in Form 1 b. Joseph may use an addendum to Form 1 c. Joseph must use Form 1.2 d. Joseph must use Form 1.1 in addition to Form 1
Transcribed Image Text:Joseph is preparing Form 1 for presentation to a private investor, in which the property to be mortgaged is currently under construction. Joseph has collected the appropriate list of risks that he wishes his investor to be aware of, and is now considering how to disclose them. Given this scenario, which of the following options is most correct with regard to disclosing these risks? Select one: a. Joseph may use Form 1.2 or include these risks in Form 1 b. Joseph may use an addendum to Form 1 c. Joseph must use Form 1.2 d. Joseph must use Form 1.1 in addition to Form 1
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON
SEE MORE TEXTBOOKS