real estate finance - full book (500 pgs)

8 35

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Unformatted text preview: .................................. 8-34 Partial Release Clause ...................................................................................... 8-35 Subordination Clause ........................................................................................ 8-35 Power of Sale Clause ........................................................................................ 8-35 Balloon Payment Clause ................................................................................... 8-35 EFFECTS OF SECURITY...................................................................................... 8-37 Assignment by Creditor ..................................................................................... 8-37 Transfer of Property........................................................................................... 8-38 Satisfaction of Debt............................................................................................ 8-39 Lien Priorities ..................................................................................................... 8-39 Chapter Quiz ..................................................................................................... 8-41 CHAPTER 9: FIXED RATE MORTGAGE AND ALTERNATIVE MORTGAGE INSTRUMENTS ..................................................................9-1 1-6 Licensing School for Appraisal, CPA, Contractors, Insurance, Real Estate, Notary, Nurse, Food Handlers, Tax and Securities TABLE OF CONTENTS Preview................................................................................................................ 9-1 TYPES OF MORTGAGES ....................................................................................... 9-1 FIXED RATE MORTGAGE ...................................................................................... 9-2 ALTERNATIVE MORTGAGE INSTRUMENTS (AMI) .............................................. 9-6 ADJUSTABLE RATE MORTGAGES ..........................................................
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