David Saks: April 2011

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 1077

                                                     #1077

An alienation clause is an item or provision included in a security instrument whcih will allow a lender to sell a home in a short sale if the borrower defaults on the loan.

Is this fact true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. False

An alientation clause will allow the lender to accelerate the loan if the borrower transfers or sells the property without the lender's approval.




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • April 04 2011 01:44AM
Real Estate Practice : Lesson 1077
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#1077 An alienation clause is an item or provision included in a security instrument whcih will allow a lender to sell a home in a short sale if the borrower defaults on the loan. Is… more
Real Estate Practice : Lesson 1076
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#1076 After someone has signed a document and formally declares to a public official, like a notary, that they have signed the document voluntarily and without any coercion, this… more
Real Estate Practice : Lesson 1075
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#1075 Deferred interest is the transfer of interest or ownership in a property from one party to another. Is this fact true or false Please take your time. The solution is… more
Real Estate Practice : Lesson 1074
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#1074 Expenses that have been applied but have not yet become due and payable, and seller's accrued expenses that are credited to the buyer at closing, are known as accrued items of expnese… more
Real Estate Practice : Lesson 1073
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#1073 A principle which is considered under appraisal guidelines that holds that value may be created by the expectation of benefit to received at some future point and time is known as the… more
Real Estate Practice : Lesson 1072
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#1072 An item in an instrument used for the security of a home purchase that will allow the lender to declare the entire debt of the loan due and payabe immediately if the borrower… more
Real Estate Practice : Lesson 1071
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#1071 Acceleration is the process of declaring an entire loan balance due because a borrower defaulted on the loan or, if there is an alienation clause in the loan, the borrower sold the… more