« previous next »

Author Question: What are the post-2008 requirements for mortgage appraisals? A)There must be a physical visit to the ... (Read 52 times)

aabwk4

  • Hero Member
  • *****
  • Posts: 593
on: Jun 24, 2018
What are the post-2008 requirements for mortgage appraisals?
 A)There must be a physical visit to the property
 B)The appraiser must be independent
 C)The appraiser cannot be paid to appraise at the loan amount
 D)All of the above

Question 2

Floyd Larkin made the following grant: To my niece, Flora, for so long as she maintains the ranch on this property. Flora leased the property to General Motors for a test track and no longer maintained the ranch. Floyd's widow and sole heir sold the land to the Beef & Cattle Company. Beef & Cattle evicted GM and GM filed suit. Who is the rightful owner and possessor of the property?


joshraies

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

Flora was given a fee simple determinable interest which automatically terminated and reverted back to the grantor, Floyd, when she leased the premises to GM and ceased operating the ranch. Therefore Floyd held the interest and with his death it passed to his heir, his widow. His widow had fee simple title and had the authority to sell the land to Beef & Cattle. Beef & Cattle could evict GM.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Proportions of the genetic and physical maps are similar but not identical Proportions of the genetic and physical maps are similar but not identical
Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont Body Part, Method of Examination, and Equipment Used During the General Physical Examination Cont
Physical Changes of Aging Physical Changes of Aging
Post-Soviet Challenges Post-Soviet Challenges
The Benefits of Physical Fitness (2 of 2) The Benefits of Physical Fitness (2 of 2)
Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ... Chelsea Donahue has a​ 20-year home mortgage of ​78,000 at​ 7.50% interest and will pay ...
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library