What is an acceleration clause? What is a prepayment privilege? Which would you prefer to insert into

Question:

What is an “acceleration clause”? What is a “prepayment privilege”? Which would you prefer to insert into a mortgage agreement if you were a mortgagor? What if you were a mortgagee?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0133847154

5th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

See More Books

Question Posted: Feb 20, 2019 10:56 AM

See More Questions

What is an acceleration clause?
(a) Should Lauren be concerned about these clauses? Why or why not? (b) Considering the rule of 78s clause, what will happen if Lauren pays off the loan before the regular due date? (c) If Lauren had...
Credit contracts often include the acceleration clause, the deficiency payments clause, and the recourse clause to give the lender options for collecting the debt. Explain each clause. What is the...
Use the following data to calculate cost of merchandise sold under the FIFO method. September 1 Beginning Inventory 15 units at $20 each September 10 Purchase 20 units at $25 each September 20...
Visit the websites and review the financial statements for Apple (Apple.com) and Samsung (Samsung.com). Each of these companies sells electronic devices like smartphones in global markets. Required...
Use elimination to solve the system of equations, if possible. Identify the system as consistent or inconsistent. If the system is consistent, state whether the equations are dependent or...
Stanley Crawford owed $$2,037.99$ to the Heilig-Meyers furniture company. Heilig-Meyers charged off the debt in 1999, and in September 2001, a company affiliated with the defendant in this case,...
Bobs Hamburgers issued 8%, 10-year bonds payable at 70 on December 31, 2016. At December 31, 2018, Bob reported the bonds payable as follows: Bobs pays semiannual interest each June 30 and December...
2 . Call Options Payoff and Profit ( 2 0 points ) A European Call option is selling for $ 3 with an exercise price of $ 5 0 , the underlying at expiration is $ 5 3 . Determine the following option...
What might the problems be in devolving strategy to a European division?
Explain the consequences of foreclosure. How does foreclosure relate to the equity of redemption? Does foreclosure always allow the mortgagee to permanently retain the land in question?
A purchaser of land has no need to worry if the land is already subject to a mortgage. As long as the purchaser did not personally create the mortgage, the mortgagee can sue only the person who...
According to a global survey of 4,400 parents of children between the ages of 14 to 17, 44% of parents spy on their teens Facebook account (msnbc.com, April 25, 2012). Assume that American parents...
a red powder is insoluble in water. suggest a way to detemine if its an acid base or neutral
Consider the following chemical equation. Solve the unknown quantity. 2 H 2 O + O 2 2 H 2 O 2 3 8 . 7 g + ? = 5 6 . 2 g If 3 8 . 7 grams of H 2 O is made to react with oxygen, O 2 , to produce 5 6 ....
A certain liquid has a vapor pressure of 9 2 . 0 Torr at 2 3 . 0 degree celcius and 3 8 4 . 0 Torr at 4 5 . 0 degree celcius. Caluculate the value of the change in Hvap for this liquid. ( kJ / Mol )...
Given the combustion of butene, C 4 H 8 ( g ) + 6 O 2 ( g ) rightwards arrow 4 CO 2 ( g ) + 4 H 2 O ( g ) , determine the volume, to the nearest cubic metre, of CO 2 produced, at STP , when 9 9 kg of...
use nomenclature of complex ions. i ) What is the name for each of the following complex ions: a ) [ Fe ( H 2 O ) 3 ( NH 3 ) 2 NO ] 2 + b ) [ Ni ( CO ) 4 ] 2 + c ) [ Fe ( CN ) 6 ] 3 - d ) [ Co ( H 2...
A pharmaceutical company manufactures a 200-milligram (mg) pain reliever. Company specifications require that the standard deviation of the amount of the active ingredient must not exceed 5 mg. The...
-4 1 9. Let A = Find A-1, (A") and verify that (A")= (A-1)".
Lindsay is a game designer who created a new board game using rods of different colours and lengths to help children learn math. The game has become an important tool within classrooms in the...
Louis Saint Chicken has sued its closest competitor, Bistro Poultry, for misappropriation of trade secrets, and former employee Nicolette Lemar for breach of confidence with regard to Louiss secret...
What are the relevant contract formation rules governing the sending and receiving of electronic documents? As a risk manager, what steps can you take to avoid related disputes?
For a business to achieve its objectives, there is a need for Financial Analysis and Planning. With the support of practical examples justify this statement.
Great Appliance Store sells 1,000,000 microwave ovens during the month of December 2019. The microwaves come with a two year warranty. Great Appliance Store estimates, based on past experience, that...
A company s normal capacity is 1 0 0 , 0 0 0 units and at this level variable cost per unit is Rs . 7 5 and fixed cost per unit is Rs . 3 0 . The normal sales price is Rs . 1 6 5 per unit. A...

What is an acceleration clause? What is a prepayment privilege? Which would you prefer to insert into

Question:

Step by Step Answer:

Under a mortgage the borrower must repay the debt according to the parties agreement That will gener...View the full answer

Managing the Law The Legal Aspects of Doing Business

Students also viewed these Business questions