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 88 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
YES! Correct, THANKS for helping me on my review

ASDFGJLO

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

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?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Do-Ho Suh, Public Figures. Do-Ho Suh, Public Figures.
Terms Related to Abnormal Blood Pressure Readings Terms Related to Abnormal Blood Pressure Readings
Until the 1960s, the South’s public facilities were segregated. Some were reserved for whites, ... Until the 1960s, the South’s public facilities were segregated. Some were reserved for whites, ...
In Canada, disease-related deaths become increasingly common during middle adulthood In Canada, disease-related deaths become increasingly common during middle adulthood
Public Speaking: Strategies for Success, 9th Public Speaking: Strategies for Success, 9th
Offset Method Plot of Land with Measurements Offset Method Plot of Land with Measurements
Video: Status Epilepticus

For a complete list of videos, visit our video library