Reference no: EM131129093
Real Estate Finance: The Laws and Contracts
Study Questions
1. Mortgage law is as clear, consistent, and enforceable in the United States as in any place in the world, and far more so than in many countries. Why is this a vital element of an efficient real estate finance system?.
2. The Congress has adopted changes in bankruptcy law that would make Chapter 7 bankruptcy more difficult for households, requiring greater use of Chapter 13, thus providing greater protection to unsecured credit card companies. As a mortgage lender, do you care about this? If so, what would be your position?
3. Residential mortgage terms (mortgage notes) have become increasingly uniform as the mortgage market has become more national and efficient. Is there any downside to this for the homeowner?.
4. Most lenders making adjustable rate mortgage loans offer a "teaser rate." Is this a good policy or is it misrepresentation?
5. Home mortgage lending is heavily regulated by federal laws. Is this a result of Congressional pandering to consumer groups, or are there good reasons why home mortgage lending should be regulated more than, say, automobile financing?.
6. For your own state, determine whether:
a. It is a judicial or non-judicial foreclosure state.
b. The standard home loan is based on a deed of trust or a mortgage.
c. There is a statutory right of redemption, and, if so, how long.
d. Deficiency judgments are allowed against defaulted homeowners.
Based on this information can you judge your state is relatively debtor friendly or borrower friendly?
7. Download one mortgage and one deed of trust from the Freddie Mac website. Compare them to see what differences you can find in their clauses
|
Why is it of consequence to the history of the modern world
: In one paragraph, Please discuss 19th century imperialism. What was it, how did it operate, what were the motives, and why is it of consequence to the history of the modern world
|
|
Define the competitive bidding trap
: Under what conditions does competitive bidding normally assure the buying manager of obtaining the lowest possible price? Based on the case, define the “competitive bidding trap.” Under what conditions may a buying firm fall into the “competitive bid..
|
|
Define conserved
: Describe how a single pair of primers is able to amplify a region of mitochondrial DNA in virtually all invertebrates.
|
|
What measures you believe could implemented to reduce costs
: You might also locate and use statistics on hiring, training, or turnover of TSA security screeners. Has security improved since September 11, 2001? Why or why not? What measures do you believe could be implemented to reduce costs and offer effect..
|
|
Real estate finance the laws and contracts
: Mortgage law is as clear, consistent, and enforceable in the United States as in any place in the world, and far more so than in many countries. Why is this a vital element of an efficient real estate finance system?.
|
|
What is the efficiency of the process
: What is the efficiency of the process? Can you suggest any ways to make it more efficient?
|
|
Sells ergonomically designed office chairs
: Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 26 units per day Average lead time = 52 days Item unit cost = $72 for orders of less than 420 units Item unit cost = $69 for order..
|
|
How does the rna polymerase enzyme
: How does the RNA polymerase enzyme responsible for transcription know which of the two DNA strands to transcribe? does it start on the 3' or the 5' end?
|
|
What is the isoelectric point of the tetrapetide
: What is the isoelectric point of the following tetrapetide that contains the amino acids represented by the single letters "ELYK".
|