Author Question: Richard and Beth Kimball purchased a condominium for 280,000. The received a GFE with total closing ... (Read 66 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
Richard and Beth Kimball purchased a condominium for 280,000. The received a GFE with total closing costs of 8,200. When they arrived on the day of closing they were told that there closing costs would be 9,100 because of errors in their loan origination fees and computation of property taxes. Which of the following is a true statement?
 A)RESPA does not apply to condominium purchases and closings.
 B)The actual closing costs exceeded the variation permitted under the GFE under RESPA.
 C)Although the actual closing costs may have exceeded the amount of variation permitted on the GFE under RESPA, the costs are permissible if spread across more than one cost category.
 D)The actual closing costs are still within the variation range permitted under RESPA.

Question 2

Ellie Bernstein has a large oak tree on her property but the roots of the tree have grown into her neighbor's, Carl Ephron, property. Carl's septic system is being damaged by the roots. Carl:
 A) Has no rights to stop the tree roots because of the rule of capture.
 B) Can destroy the tree.
 C) Is entitled to remedies for trespass.
 D) Cannot seek remedies for trespass because Ellie did not enter his property physically.



alexanderhamilton

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

For a complete list of videos, visit our video library