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Question 1 of 8
1. Question
Typically, a deed of trust is foreclosed:
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Question 2 of 8
2. Question
At the end of the redemption period after a sheriff’s sale, the buyer receives what?
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Question 3 of 8
3. Question
When a trustee holds an auction to sell a home that is being foreclosed on, what is the sale called?
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Question 4 of 8
4. Question
A provision in deed of trust that authorizes a trustee to sell the property if borrower defaults is known as what?
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Question 5 of 8
5. Question
A seller extends credit to a buyer, accepting a down payment and arranging to be paid over time. This is known as what?
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Question 6 of 8
6. Question
A first mortgage has first lien priority
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Question 7 of 8
7. Question
Secured by property that is for sale, then paid off when sale closes” describes which kind of loan?
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Question 8 of 8
8. Question
A loan obtained by using the equity in the borrower’s home as collateral describes which kind of loan?