encumbrances Flashcards

Ch. 3 - Encumbrances and Transfer of Ownership - Terms

2009-06-10

Real Estate Principles - Chapter 3
Matching Exercise

Ch. 3 - Encumbrances and Transfer of Ownership - Multiple Choice

2009-06-10

Real Estate Principles -Encumbrances and Transfer of Ownership - Multiple Choice

Encumbrances

2007-05-18

Encumbrance – any burden on one’s property Lien – money burden on one’s property Note – evidence of a debt (what the lender sues the borrower on when the loan is in default) Default – borrower is late on a payment Foreclosure – legal proceeding used by the lender to take the collateral when the loan is in default Collateral – the thing the lender uses as security for the loan (house) Hypothecate – to pledge Mortgage (specific) – a written contract to borrow money with a promise by the borrower to repay the loan plus interest using the real estate as collateral

Real Estate

2007-05-18

Agent Exam

A-4 General Real Estate Exam Preparation National portion, Quizzes, Vocabulary

2007-05-16

A-4 National Portion Questions & Answers, Quizzes and Answers, Vocabulary and Definitions.

REAL ESTATE EXAM PREP

2006-09-05

REAL ESTATE SALES