contestada

A property has a first mortgage of $180,000, a second mortgage of $25,000, and a third mortgage of $10,000. The borrower defaults, and the property is sold for $210,000. The holder of the third mortgage receives ______, and the holder of the second mortgage receives ________.
$5,000, $25,000

Respuesta :

A property has a first mortgage of $180,000, a second mortgage of $25,000, and a third mortgage of $10,000. The borrower defaults, and the property is sold for $210,000. The holder of the third mortgage receives $5,000, and the holder of the second mortgage receives $25,000.

Which of coming up next isn't a member in the optional home loan market?

Credit union is the answer. Participating in the primary market is the credit union; The remaining three are significant and active buyers and sellers of existing mortgages—secondary market activity.

Which organization backs loans?

The Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA), which guarantee FHA loans and VA loans, are the most common guarantors. In eligible regions, the Department of Agriculture also guarantees USDA loans.

To learn more about mortgage receives here:

https://brainly.com/question/29095062

#SPJ4

Otras preguntas