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April 20, 2024

Real Property

1.Why is the negotiability of a promissory note important?

2.Explain the endorsement process, with its accompanying contractual and warranty liabilities.

3.What is an open-end or dragnet mortgage?

4.What is the importance of being a holder in due course?

5.What is the difference between purchasing real property subject to a mortgage and assuming a mortgage?

6.What risks are inherent in second mortgage loans?

7.What is the difference between a promissory note and a guaranty?

8.What is the difference between a judicial and a nonjudicial power of sale foreclosure?

9.Why is bankruptcy a good debtor’s defense to a foreclosure?

10.What remedies other than foreclosure are available to a real estate lender in the event of a default?

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