User Account

All Pages

How much does each lien holder receive

Assignment Help Finance Basics
Reference no: EM131734574

Question: Bob is the mortgagee in a mortgage recorded on 1/31/1996 on the property at 1000 North Main Street in the amount of $7,500,000. Sue has a mortgage on the property for $1,000,000, recorded on 2/28/1998. Piet has a third mortgage for $500,000, recorded on 3/31/2000. The property sells in foreclosure for $9,000,000, and there are $1,000,000 in costs to third parties.

a. How much does each lien holder receive?

b. Which of the three lien holders is most likely to bring the foreclosure suit, and why?

c. How do your answers to (a) and (b) change if Sue's mortgage has a subordination clause in it and Piet's does not?

Reference no: EM131734574

Questions Cloud

Characteristics the test examined : Review the questions and list three characteristics the test examined. Share examples of questions that support your selections of characteristics.
Compare christs golden rule with hobbes golden rule : Compare Christ's Golden Rule with Hobbes' Golden Rule. Which do you think is more effective in getting people to obey the laws, and why?
How you can maintain your personal hygiene at work : How would you use open and closed questions to find out how the product isn't working - how you can maintain your personal hygiene at work
Recommend the project be rejected : You are on staff and you have project cost 15,000 and two cash flows 110,000 and at end of the year 2 the cfo agree that the appropriate WACC for the project
How much does each lien holder receive : Bob is the mortgagee in a mortgage recorded on 1/31/1996 on the property at 1000 North Main Street in the amount of $7,500,000.
Determine the direct materials price variance : Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance
Is the color line still the foremost problem in our society : As of 2017, the United States has never had a female president. Nations throughout the world have had powerful queens and elected leaders.
Accounting systems different : Why are accounting systems different in today's global market? At least seventy five words please
Application of payments in a mortgage : How does this order affect the remaining balance after an annual $1 million payment is made (on time) on a mortgage with 10% simple annual interest.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd