A mortgage can neither sue for foreclosure nor for sale of the property in...............

Related MCQs

• As a fixed-rate mortgage nears maturity, the portion of the monthly mortgage payment that is applied to principal _________ while the amount that is applied to interest ___________.
• When a financial institution sells a mortgage with recourse, the financial institution retains a credit risk liability in the event the buyer returns the mortgage.
• A charge where there is neither the transfer of ownership nor the possession is called ______?
• Neither possession nor ownership is transferred in....
• As part of a mortgage agreement, a financial institution places a lien on the property until the loan is paid in full.
• An equitable mortgage can be created in respect of _______?
• . _________ paid at closing can reduce the interest rate used to determine the monthly payments on a mortgage.
• Mortgage is defined under
• Mortgage borrowers must pay 20 percent of the home’s purchase price at closing as a down payment.
• ---------- is the right of a person to retain the property of another person in his possession untill the debt from that owner of that property is repaid.