Katherine Jones sold her home which is on the east coast of Flo

Katherine jones sold her home which is on the east

This preview shows page 17 - 21 out of 31 pages.

Score: 2/2 38.Katherine Jones sold her home, which is on the east coast of FloRamirez. The contract was signed July 1, 2008 and closing was 2008. Katherine had prepaid her one year (2008) hazard insuranamount of $2,000 on January 1 of that year and Amanda agreed closing. (NOTE: The day of closing is allocated to the seller.) Thinsurance premium would be prorated as follows:
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Student Response A. The seller's portion is $1,123.29, and the buyer's portion is$876.71 and the buyer will be credited with $1,123.29 whithe seller is charged that amount. B. The seller's portion is $1,128.77, and the buyer's portion is$871.23 and the buyer will be credited with $871.23 whilethe seller is charged that amount. C. The seller's portion is $871.23, and the buyer's portion is $1,128.77, and the buyer will be credited with $1,128.77 while the seller is charged that amount. D. The seller's portion is $1,128.77, and the buyer's portion is$871.23 and the seller will be credited with $871.23 whilethe buyer is charged that amount. E. The seller's portion is $871.23, and the buyer's portion is $1,128.77, and the seller will be credited with $1,128.77 and the buyer is charged that amount. Score: 2/2 39.Which of the following statements regarding dual agency
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Score: 2/2 40.To make alternative loan programs easier for consumers to compin-Lending Act requires lenders to disclose the ______________all residential home loans to prospective borrowers. This is clos_________________ of a loan, however, it assumes no prepaym Score: 2/2 41. Formulas: R 0 = (NOI / Acquisition Price) EDR = (Before-tax cash flow / Equity investment) NIM = (Acquisition price / NOI) EGIM = (Acquisition price / Effective gross income) OER = (Operating expenses / Effective gross income) LTV = (Mortgage balance / Acquisition price) DCR = (Net operating income / Debt service) BER = (Operating expenses + Capital expenditures + Debt servi gross income Maximum debt service = NOI/Minimum DCR *************************************************** John has a level-payment mortgage loan with 12 years remainin rate of 7% with a payment of $1,000/monthly. John's mortgage
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Student Response Score: 2/2
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