1 describe the difference between a buyer taking title, Ask an Expert

Finance

1. Describe the difference between a buyer taking title subject to the mortgage versus assuming the mortgage.

2. Explain the difference between the equity right of redemption and the statutory right of redemption.

3. Explain the differences between a regular mortgage and a deed of trust.

4. What is the principal risk for the buyer/borrower in a contract for deed?

5. Describe a conforming loan.

6. What is the purpose of recording documents?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92043710

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