Which of the following security instruments, if any, does not allow the debtor the right of redemption upon default? a. Mortgage foreclosure by "action and sale" b. "Strict foreclosure" of mortgage c. Debtors have a right to redeem property under all of these security instruments. d. Deed of trust e. Mortgage foreclosure by "power of sale

Which of the following security instruments, if any, does not allow the debtor the right of redemption upon default? a. Mortgage foreclosure by "action and sale" b. "Strict foreclosure" of mortgage c. Debtors have a right to redeem property under all of these security instruments. d. Deed of trust e. Mortgage foreclosure by "power of sale

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges

Section: Chapter Questions

Problem 19DQ

See similar textbooks

Similar questions

It refers to the right of mortgagor to redeem the mortgaged property after his default of the performance of his obligation by paying the secured obligation in order to prevent the public sale of his mortgaged property. a. Equity of redemption b. Right of redemption c. Right of preemption d. Equity of preemption
(a) Cite an example of a contract which is contrary to morals, (b) Can the nullity of the stipulation on the usurious interest affect (i) the lender’s rights to recover the principal loan; (ii) the terms of the real estate mortgage?
In the foreclosure of there al property mortgaged in a contract of reale state mortgage, which of the following statements is correct? a. The mortgage e may recover the deficiency in the absence of stipulation to the contrary. b. The mortgag o risen titled to the excess in the absence of stipulation to the contrary. c. Bothaandb d. Neither a nor b
A mortgage agreement provides the lender with A) Nonpossessory B) Secured Unsecured Possessory interests.
Have there been any intervening liens? These are liens recorded or attached after the recordation of the mortgage but before any modifications to it. If so, what is their effect upon an extension agreement? If such liens exist, it is possible that the extension of an existing mortgage may amount to a cancellation of the mortgage and the making of a new one. If so, this could advance the priority of intervening liens.
What is meant by mortgage foreclosure, and what alternatives are there to such action?
Explain the rights of a creditor against a surety and the rights of a surety, including those of a cosurety.
25. What is the remedy available to vendor or lessor when the vendee or lessee fails to pay a single instalment or single periodic rental in an instalment sale or finance lease of personal property assuming a chattel mortgaged is constituted on the personal property sold or leased? Group of answer choices a. Exact fulfilment of the obligation with right to recovery for deficiency b. Cancel the instalment sale or finance lease resulting to mutual restitution c. Foreclose the chattel mortgage on the personal property sold or leased d. Any of the above
Who are the parties to the contract of pledge and contract of mortgage?
All of the following concepts with regard to the evolving title theory of mortgage lending are true EXCEPT a.lender rights are superior to borrower rights. b.the lender can dispossess the borrower without notice at first default. c.no compensation is made for any monies already paid to the lender. d.the lender has both legal and equitable rights.
80. In which of the following instances will the sale with a right to repurchase or pacto de retro sale or deed of absolute sale not be presumed an equitable mortgage? Group of answer choices a. When the price of a sale with a right to repurchase is inadequate. b. When the vendor remains in possession as lessee or otherwise c. When the purchaser retains for himself part of the purchase price. d. When the vendor binds himself to pay the real property taxes on the thing sold.
In some states, a mortgage is considered to be a lien on real property. In other states, like Connecticut, a mortgage is a: a. temporary transfer of title b. bona fida purchase c. sales contract d. all of the above