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Question
Which of the following is NOT true in regard to a tax sale?A. An accurate and complete description of the property is required to be posted for possible purchasers before the sale.
B. The property owner may not have had a court appearance through due process, thus creating a cloud on the title.
C. The line of authority for the sale may not be clear.
D. The purchaser is usually expected to pay all delinquent taxes at the time of sale.
Answer
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Related questions
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You would get the greatest amount of diversification if two securities are
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B. negatively correlated
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Considering the REIT in MC21-3, at the very least what dividend payment must it make to maintain its tax exempt status?
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A mortgage pass-through bond (MPTB) can be described by all of the following except:
A. anMPTB can be viewed as a mortgage-backed bond with the pass-through of principal and prepayment features of a mortgage pass-through security.
B. most MPTBs are based on residential mortgage pools and are generally overcollateralized.
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The standard PSA prepayment curve referred to in (TF 18-19) is known as a 1 percent PSA.
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When evaluating an investment in mortgage pass-through securities, several important characteristics of the underlying mortgage pool should be considered. Which of the following is NOT an important characteristic?
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Which of the following developments assured mortgage investors that they would receive interest and principal payments at little or no risk?
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Developers usually holdback about ___ percent of each progress payment.
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Which of the following is NOT a benefit to Refinancing?
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D. No taxes have to be paid on funds received by additional borrowing.
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When an investor does an investigation when considering acquisition of a property, this is referred to as:
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Which of the following is FALSE concerning Negative Amortization:
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B. It usually increases default risk
C. It usually has a lower interest rate than a conventional loan
D. It usually results in a lower DCR.
Q:
Which of the following is TRUE regarding the incremental Cost of Borrowing :
A. It should be less than the rate for a first mortgage
B. It should be compared to the cost of obtaining a second mortgage
C. It is used to calculate the APR for the loan
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Given that every other factor is equal, which of the following ARM will have lowest expected cost?
A. ARM with payment caps and negative amortization.
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Appraisers use bracketing in order to estimate the upper and lower range of value.
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What does an appraisal tell about the value of a property?
A. An appraisal calculates value
B. An appraisal confirms value
C. An appraisal estimates value
D. An appraisal determines value
Q:
Which of the following factors is NOT part of the definition of market value?
A. Payment is made in terms of cash in U.S. dollars or a comparable financial arrangement
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Q:
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Tax losses cannot be allocated to partners in a syndication.
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Present Value Factor for Reversion of $1 Using only the information above, approximately how much would you pay today for an investment that pays $0 annual interest, but earns 8% interest over the next four years and has a face value at maturity of $13,500?
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Q:
Using only the information above, what would the IRR be for an investment that cost $500 in period 0 and was sold for $750 in period 5?
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B. Between 7% and 8%
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Q:
Which of the following statements is true about foreclosure?
A. In judicial foreclosure, property subject to attachment and execution is limited to the mortgaged property
B. If the sale of the mortgaged property realizes a price above the claims of the mortgage and expense of the sale, the balance goes to the mortgagor
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An historical summary of the publicly recorded documents that affect the ownership of a property is know as a(n):
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C. Abstract of title
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A. Property taxes
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C. Selling commissions
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Q:
One of the following is not tax deductible for homeowners:
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B. mortgage interest
C. property taxes
D. maintenance expenses