FRECI_12-5 - Lecture Preview Florida Real Estate Commission...

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1 Florida Real Estate Commission Course I Pre-Licensing Course for Sales Associates Session 12 – Lecture 5 Real Estate Finance Copyright, 2005 2 Lecture Preview What will you learn from this lecture? Explain the difference between mortgage assignment and mortgage assumption Describe the various methods of purchasing mortgaged property Copyright, 2005 3 Vocabulary Terms Assumption Equity Loan servicing Subject to Wrap-around Copyright, 2005 4 Assignment of Mortgage Copyright, 2005 5 Dual Income from Mortgages Mortgage loan income can be divided into two categories Long-term investment Secondary market commodity “Pooled” w/other loans Institutional investors Interest income Loan servicing All activities associated with administering a loan Payment collection Monitoring escrows Handling delinquencies These rights can be sold to different entities Copyright, 2005 6 Total Farm Commercial Multi-family Residential (1-4 units) Loan Type Amount $6,644 504
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This note was uploaded on 05/21/2011 for the course FREC 1000 taught by Professor Stallone during the Spring '08 term at University of Florida.

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FRECI_12-5 - Lecture Preview Florida Real Estate Commission...

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