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URL:https://www.learndesk.us/class/6620336978132992/lesson/229e0c2831fed6b345c5552dc9cb9f44?ref=outlook-calendar
SUMMARY:Residential Mortgages
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6620336978132992/lesson/229e0c2831fed6b345c5552dc9cb9f44?ref=outlook-calendar
DESCRIPTION: Learning Objectives
 Distinguish between title theory and lien theory  Describe the essential elements of the mortgage instrument and the note  Describe the various features of a mortgage including down payment, loan-to-value ratio, equity, interest, loan servicing, escrow account, PITI, discount points and loan origination fee  Explain assignment of a mortgage and the purpose of an estoppel certificate  Explain the foreclosure process and distinguish between judicial and nonjudicial foreclosure  Describe the mortgagor’s and mortgagee’s rights in a foreclosure  Calculate loan-to-value ratio  Explain the use of discount points and calculate approximate yield on a loan  Distinguish among the various methods of purchasing mortgaged property
Key Term



acceleration clause assumption blanket mortgage buydown contract for deed (land contract) defeasance clause deed in lieu of foreclosure discount points due to the sale clause equity equity of redemption escrow...

https://www.learndesk.us/class/6620336978132992/lesson/229e0c2831fed6b345c5552dc9cb9f44?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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