Covid-19 | Forebearance | PopQuiz 1
Howdy Texas Real Estate Academy Student! While mastery of this pop quiz doesn’t contribute to your course score, these questions are intended to reinforce some of the important points of the instruction .
While you might see a score, for this chapter quiz, it is not recorded for your grade.
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Name 3 ways a lender can help a borrower avoid foreclosure.CorrectIncorrect
Describe a loan modification and the possible terms that could be offered to a borrower.CorrectIncorrect
Which of these will cost upfront fees for a borrower?CorrectIncorrect
Define a short sale in real estate.
a sale of property when the note holder accepts than what is due on the note.
Name the form that allows the Realtor to speak to the bank in a short sale situation.
Which items would NOT be found in a short sale package ?CorrectIncorrect
Question: Describe a loan modification and the possible terms that could be offered to a borrower.CorrectIncorrect