What does an escrow company do?
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A. process loan forms
B. authorize commission payments
C. offer title insurance
D. calculate prorations
Debits to the seller include all of the following EXCEPT
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, A. commissions.
B. impound accounts.
C. seller carryback financing.
D. buyer’s assumption of existing loan.
A bring down endorsement is associated with which of the following?
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A. points
B. origination fee
C. title
D. homeowners insurance policy
On a closing statement, the earnest money paid by the buyer would be which of the
following?
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A. debit buyer, credit seller
B. credit buyer, debit seller
C. credit buyer only
D. credit seller only
You are closing an escrow on the 15th of the month. The buyer is assuming the
existing loan. Which of the following is TRUE?
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A. process loan forms
B. authorize commission payments
C. offer title insurance
D. calculate prorations
Debits to the seller include all of the following EXCEPT
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, A. commissions.
B. impound accounts.
C. seller carryback financing.
D. buyer’s assumption of existing loan.
A bring down endorsement is associated with which of the following?
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A. points
B. origination fee
C. title
D. homeowners insurance policy
On a closing statement, the earnest money paid by the buyer would be which of the
following?
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A. debit buyer, credit seller
B. credit buyer, debit seller
C. credit buyer only
D. credit seller only
You are closing an escrow on the 15th of the month. The buyer is assuming the
existing loan. Which of the following is TRUE?
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