Question: Chapter 33-Work Set TRUE-FALSE QUESTIONS 1. Steering and targeting occur when a lender convinces a homeowner to refinance soon after obtaining a mortgage. 2. A

Chapter 33-Work Set TRUE-FALSE QUESTIONS 1. Steering and targeting occur when

Chapter 33-Work Set TRUE-FALSE QUESTIONS 1. Steering and targeting occur when a lender convinces a homeowner to refinance soon after obtaining a mortgage. 2. A borrower has up to seven business days to rescind a mortgage. 3. Federal disclosure requirements apply only to the written materials provided by a mortgage lender. 4. Foreclosure allows a lender to legally repossess and auction off the property securing a loan. 5. An appraiser specializes in estimating property values. 6. In a power of sale foreclosure, a court supervises the process. 7. On foreclosure, if a mortgage is not paid within a reasonable time after a notice of default, the property securing the loan can be sold without notice

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