Question: 1 4 . A mortgage loan involves a note and a mortgage. The due on sale clause i e , closing costs and the escrow

14. A mortgage loan involves a note and a mortgage. The due on sale clause i e, closing costs and the escrow clause which allows and a merto al, i modely deposits for property taxes. hazard insurance and other recurring owners obligations are most important to buyers.
Remember, not only the bank can foreclose an your property but also the HomeOwners Association for nonpayment of HOA dues. True or False

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