Aceable Final Exam Study Terms (Ga) Questions With Correct Answers

what refers to the permanence of land? {Ans: fixity}What is the connection between the theory of a state and its predominant foreclosure process? {Ans: title theory states tend to use a nonjudicial foreclosure process whereas lien theory states typically employ judicial foreclosure (Lien theory states typically employ a judicial foreclosure process while title theory states tend to favor the use of a nonjudicial process. Because the title in a title theory state is already in the hands of the lender or a third-party trustee, it does not require nearly the effort to foreclose on the property as it does in a lien theory state where the title is held by the borrower.)}A certificate of occupancy is issued by a governmental authority to indicate that: {Ans: a building is ready and fit for inhabitants}what is a red flag for predatory lending? {Ans: unexpected, undisclosed lender fees that appear at closing}Seller Jordan chooses to not disclose an easement on his property and the buyer never asks about it. What is this an example of? {Ans: Silent fraud}which document provides a detailed list of each partys expenses at closing? {Ans: the closing disclosure}