This blog accompanies the text, Real Estate Analysis: Environments and Activities by Julian Diaz III and J. Andrew Hansz. Student are encouraged to post assignments and original research papers to this blog. Please contact firstname.lastname@example.org for posting rights or to add your program to the blog. Some blog posts and objective questions maybe considered for publication in a future edition of the text.
Tuesday, May 7, 2013
Chapter 10 Questions
Chapter 10 Questions By Michael McMinassian
1.)A prepayment clause is when the
borrower’s has the right but not an obligation to prepay the entire loan
balance without a penalty.
2.)A secured debt involves a personal
promise to pay the loan back but the loan is backed by a collateral.
3.)An acceleration clause is good for
4.)The tenant is the lessor.
5.)Amortization is the gradual reduction
of a debt through systematic principal repayments over the life of the loan.
6.)This theory involves a Mortgagor to
give legal title to a Trustee and once the Mortgagee pays the loan off the
Trustee returns the Legal Title back to the Mortgagor to give to title to the
c.Title Theory with Deed of Trust
d.All of the above.
d.Net Operating Income
8.)This point is a charge that is paid
by the mortgagor at origination to reduce or buy down the mortgage contract