Study guides, Class notes & Summaries

Forbearance or Moratorium (to avoid foreclosure) correct answers waiver of principal payments (interest Only) Deferred interest (Principal only) Restructure the Mortgage loan correct answers involves lowering the interest rates, accruals of interest, or extended maturity date. nonrecourse loan correct answers borrower is not personal liable for the original loan, the lender could decided to make the borrower personally liable as part of the restructuring agreement. the process of redesign...

45 hours Post Licensing Chapter 10-13 Corre Forbearance or Moratorium (to avoid foreclosure) - ANSWER waiver of principal payments (interest Only) Deferred interest (Principal only) Restructure the Mortgage loan - ANSWER involves lowering the interest rates, accruals of interest, or extended maturity date. nonrecourse loan - ANSWER borrower is not personal liable for the original loan, the lender could decided to make the borrower personally liable as part of the restructuring agreement...