What risks are inherent in second mortgage loans

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Assignment: Real Property

A. Why is the negotiability of a promissory note important?
B. Explain the endorsement process, with its accompanying contractual and warranty liabilities.
C. What is an open-end or dragnet mortgage?
D. What is the importance of being a holder in due course?
E. What is the difference between purchasing real property subject to a mortgage and assuming a mortgage?
F. What risks are inherent in second mortgage loans?
G. What is the difference between a promissory note and a guaranty?
H. What is the difference between a judicial and a nonjudicial power of sale foreclosure?
I. Why is bankruptcy a good debtor's defense to a foreclosure?
J. What remedies other than foreclosure are available to a real estate lender in the event of a default?

Reference no: EM133784074

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