Describe the difference between a buyer taking title, Finance Basics

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Describe the difference between a buyer taking title

1. Describe the difference between a buyer taking title subject to the mortgage versus assuming the mortgage.

2. Explain the difference between the equity right of redemption and the statutory right of redemption.

3. Explain the differences between a regular mortgage and a deed of trust.

4. What is the principal risk for the buyer/borrower in a contract for deed?

5. Describe a conforming loan.

6. What is the purpose of recording documents?

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Finance Basics: Describe the difference between a buyer taking title

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Finance Basics: Describe the difference between a buyer taking title

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