« previous next »

Author Question: In a wrap-around mortgage: A)The seller/mortgagor remains personally liable on the original ... (Read 114 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Jun 24, 2018
In a wrap-around mortgage:
 A)The seller/mortgagor remains personally liable on the original mortgage.
 B)The buyer is also personally liable on the original mortgage.
 C)The seller is discharged from and only the buyer is liable on the original mortgage.
 D)Both a and b

Question 2

To the University of New Mexico for the time that the land is used for an observatory is a:
 A) Fee simple subject to a condition subsequent.
 B) Fee simple determinable.
 C) Estate for years.
 D) Life estate.


karmakat49

  • Sr. Member
  • ****
  • Posts: 369
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
Noon-Day Rest in Marble Canyon, after an original sketch by Thomas Moran, from J. W. Powell, ... Noon-Day Rest in Marble Canyon, after an original sketch by Thomas Moran, from J. W. Powell, ...
Global OBD II can be accessed from the main menu on all aftermarket and some original equipment ... Global OBD II can be accessed from the main menu on all aftermarket and some original equipment ...
A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ... A mortgage loan of $132,000 at 6% compounded semiannually is to be amortized over 25 years by ...
Remains of an abscission zone between a leaf petiole and twig of horse chestnut (Aesculus hippocasta Remains of an abscission zone between a leaf petiole and twig of horse chestnut (Aesculus hippocasta
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library