A provision in a mortgage that requires a borrower to pay to the lender 1/12th of the taxes and 1/12 of the insurance premium with each mortgage payment is known as an escrow provision.
Answer the following statement true (T) or false (F)
True
You might also like to view...
In a negligence case, the plaintiff must prove that all negligence elements existed
A. beyond a reasonable doubt. B. by a preponderance of the evidence. C. with clear and convincing evidence. D. with overwhelming evidence.
District attorneys, state attorneys general, and U.S. attorneys are examples of?
A. ?paralegals. B. ?public prosecutors. C. ?public defenders. D. ?None of these choices is correct.
Once a job applicant has submitted an application and résumé, the employer
a. has the right to verify the information b. may only verify information if the applicant signed a release c. may not verify information d. none of the above
Andrea and David are having trouble making ends meet. They wonder if they should institute ____ to get out from under their mortgage and be rid of the house forever
a. A foreclosure b. Refinancing c. A short sale d. Debt forgiveness