Author Question: The United States courts require debtors, as well as creditors and other claimants, to use the ... (Read 49 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
The United States courts require debtors, as well as creditors and other claimants, to use the ________.
 
  A) Official Bankruptcy Forms
  B) Unofficial Forms
  C) Special Forms
  D) Trustee Forms

Question 2

What is a mortgage? What is a deed of trust? How are these documents similar and how are they different?
 
  What will be an ideal response?



sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

A

Answer to Question 2

A mortgage or a deed of trust is the document which pledges the realty to secure the promise to repay the amount borrowed under the terms of the promissory note. In lien theory states, the mortgage pledges the real estate as collateral for the amount borrowed. In title theory states, the deed of trust transfers title to the real estate to the lender or a third party who holds title in trust for the benefit of the borrower until the loan is paid in full.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

For a complete list of videos, visit our video library