Quiz Ch. 49-54 Flashcards By Andrea Powell - Brainscape
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(10 cards)
Start Studying 1 QAll property acquired jointly by a married couple during the marriage, no matter how vested, is presumed to be:
Acommunity property.
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 2 QA __________ vesting is characterized by an ownership interest in property concurrently received by two or more individuals who share equally and have the right of survivorship.
Ajoint tenancy
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 3 QLis pendens means:
ANotice of Pending Action.
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 4 QTo properly record a lis pendens, the lis pendens is required to identify the parties to the lawsuit and:
Agive an adequate description of the real estate.
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 5 QAn _________ is a written statement which presents an accurate, factual representation of title to the property being acquired, encumbered or leased.
Aabstract of title
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 6 QThe ________ insures against all encumbrances affecting title which can be discovered by a search of public records prior to issuance of the policy, but does not cover against unrecorded encumbrances.
ACalifornia Land Title Association (CLTA) standard policy
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 7 QA ________ is the dollar amount of the equity in a homeowner’s dwelling that the homeowner qualifies to hold which has priority on title over most judgment liens and soe government liens.
Ahomestead
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 8 QThe submission of a ___________ to a private or institutional lender is the catalyst which sets the machinery of the morgage industry in motion.
Amortgage application
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 9 QA ________ is an estimate of the buyer’s settlement charges and mortgage terms delivered to the buyer within three business days following the lender’s reciept of the mortgage application.
ALoan Estimate
How well did you know this? 1 Not at all 2 3 4 5 Perfectly 10 QThe __________ program assists qualified veterans or their surviving spouses to buy a home with a zero down payment.
AU.S. Department of Veterans Affairs (CalVet)
How well did you know this? 1 Not at all 2 3 4 5 PerfectlyReal Estate Principles (20 decks)
- Glossary Ch. 1-3
- Quiz Ch. 1-3
- Glossary Ch. 4-7
- Quiz Ch. 4-7
- Glossary Ch. 8-12
- Quiz Ch. 8-12
- Glossary Ch. 13-17
- Quiz Ch. 13-17
- Glossary Ch. 18-23
- Quiz Ch. 18-23
- Quiz Ch. 24-30
- Quiz Ch. 31-36
- Quiz Ch. 37-43
- Quiz Ch. 44-48
- Quiz Ch. 49-54
- Quiz Ch. 55-61
- Quiz Ch. 62-67
- Quiz Ch. 68-72
- Quiz Ch. 73-78
- Quiz Ch. 79-85
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