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What does the mortgage lender most often rely on

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Reference no: EM132821442

Problem 1: What does the mortgage lender most often rely on when deciding how much is safe to lend on a parcel of real estate?

1. market analysis

2. sales contract

3. appraisal report

4. assessor's determination

Problem 2: The lead paint addendum that must be presented with the purchase and sales contract for certain older homes will:

1. require the removal of all lead paint prior to the closing.

2. provide the buyer with the opportunity to wave the right to a lead paint inspection.

3. mandate the sellers remove any lead paint only on interior walls.

4. make the sellers liable of the buyer's lead related medical problems

Reference no: EM132821442

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