To purchase a house, Nora obtains a mortgage loan from Oak Tree Loans LLC. Later, Nora informs Oak Tree that she may default on the payments. The lender agrees to delay taking possession of the property and selling it. The parties negotiate a payment plan for the amount due on the loan. This is
A. forbearance.
B. a short sale.
C. a workout agreement.
D. none of the choices.
Answer: C
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Explain the six areas of organizational control.
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Answer the following statements true (T) or false (F)
1.The theory of reciprocal demand asserts that as the U.S. demand for Canadian wheat rises, the equilibrium terms of trade improves for the United States. 2.Assume that Canada has a comparative advantage in wheat and a comparative disadvantage in autos. As the Canadian demand for wheat increases, Canada's equilibrium terms of trade improves. 3.The theory of reciprocal demand best applies when two countries are of equal economic size, so that the demand conditions of each nation have a noticeable impact on market prices. 4.The theory of reciprocal demand best applies when one country has a "large" economy and the other country has a "small" economy 5.If two nations of approximately the same size and with similar taste patterns participate in international trade, the gains from trade tend to be shared about equally between them.
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Pralow, Inc, leased an asset to Bender Corporation. The cost of the asset to Pralow was $8,000 . Terms of the lease specify four-year life for the lease, an annual interest rate of 1 . percent, and four year-end rental payments. The lease qualifies as a capital lease and is classified as a direct-financing lease. The asset reverts to Pralow after the fourth year, when its residual value is
estimated to be $1,000 . The amount of each rental payment is a. $2,000. b. $2,335. c. $2,501. d. $2,602.