This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Phase I due diligence requires a search of public records related to the land. Indicate whether the ... (Read 96 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jun 24, 2018
Phase I due diligence requires a search of public records related to the land.
  Indicate whether the statement is true or false

Question 2

A promissory note has the following language: This note is secured by Lots 117, 118, and 119 in Arboleda Estates. The note was recorded to protect the lender with a mortgage on the lots. The borrower defaulted on the note. Can the lender foreclose based on the recorded note?
 A) Yes, because the note was recorded and the lender is a secured creditor
 B) No, because you cannot record a note
 C) No, because the description is inadequate
 D) Only if the lender signed the note


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jayson

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


daltonest1984

  • Member
  • Posts: 536
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

tandmlomax84

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Procedures and Diagnostic Tests Related to the Urinary System Procedures and Diagnostic Tests Related to the Urinary System
Herpes is a local contraindication during active phase. Herpes is a local contraindication during active phase.
Hives is a general contraindication in the acute phase and a local contraindication in the subacute ... Hives is a general contraindication in the acute phase and a local contraindication in the subacute ...
Offset Method Plot of Land with Measurements Offset Method Plot of Land with Measurements
Plot of Land (Modified Offset Method) - Boxed Plot of Land (Modified Offset Method) - Boxed
Video: Power Supply Polyacrylamide Gel Protein Sample

For a complete list of videos, visit our video library