« previous next »

Author Question: What are the post-2008 requirements for mortgage appraisals? A)There must be a physical visit to the ... (Read 75 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 Flora leased the property to General Motors for a test track and no longer maintained the ranch.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?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Play provides these preschoolers with the ability to interact with one another, and develop their ph Play provides these preschoolers with the ability to interact with one another, and develop their ph
Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before Richmond, Virginia, lies in ruins in April 1865 at the time of Lincoln’s visit—and a few days before
Applying the FITT Principle to Each Exercise Component of Health-Related Physical Fitness Applying the FITT Principle to Each Exercise Component of Health-Related Physical Fitness
Equipment and supplies used during a physical examination. Equipment and supplies used during a physical examination.
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
Ten Leading Causes of Death in High-Income Countries, 2008 Ten Leading Causes of Death in High-Income Countries, 2008
Video: Structure of Amino Acid, Peptide Bonds & Polypeptides

For a complete list of videos, visit our video library