Author Question: The United States courts require debtors, as well as creditors and other claimants, to use the ... (Read 82 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
The United States courts require debtors, as well as creditors and other claimants, to use the ________.
 
  A) Official Bankruptcy Forms
  B) Unofficial Forms
  C) Special Forms
  D) Trustee Forms

Question 2

What is a mortgage? What is a deed of trust? How are these documents similar and how are they different?
 
  What will be an ideal response?



sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

A

Answer to Question 2

A mortgage or a deed of trust is the document which pledges the realty to secure the promise to repay the amount borrowed under the terms of the promissory note. In lien theory states, the mortgage pledges the real estate as collateral for the amount borrowed. In title theory states, the deed of trust transfers title to the real estate to the lender or a third party who holds title in trust for the benefit of the borrower until the loan is paid in full.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

For a complete list of videos, visit our video library