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lions [1.4K]
2 years ago
7

A borrower expresses a reluctance to continue signing documents. The Notary Signing Agent may:A borrower expresses concern that

once he signs all the documents he will be "stuck" with a second mortgage. A good response by a Notary Signing Agent could be to:
Business
1 answer:
Leviafan [203]2 years ago
7 0

Answer:

Explanation:

In this scenario, a good response by a Notary Signing Agent could be to provide the Borrower with the Lender's contact information, and suggest that he call the Lender immediately before continuing with Signing. This will allow the borrower to clear up any doubts or misconceptions that he may be having which will in term persuade him to sign all the documentation.

You might be interested in
You have an opportunity to acquire a property form First Capital Bank. The bank recently obtained the property from a borrower w
love history [14]

Answer:

Acquiring the property will not be profitable. This is supported by the computation below;

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

Explanation:

It is assumed that the $180,000 loan from the bank will be completely absorbed in the process of bringing the property into a good selleable condition.  Also, the interest payable on loan will be paid monthly which will affect the liquidity of the buyer. Except funds are sought for somewhere else, the buy can not pay for the initial cost of the property. The venture will not be profitable.

Workings:

Cash outflow required;

Offer cost                           $200,000

Other acquisition cost           $10,500

Repairs cost                           $12,000

Selling expenses and fee       $3,000

Loan Interest (180,000x8%)    <u>$14,400</u>

<u> </u>  Total                                   $239,900

Expected selling price         <u>$225,000</u>

Expected Loss                      <u>   $14,900</u>

<u />

7 0
2 years ago
Assume India can produce either 15 bottles of milk or 50 cartons of eggs using all of its available resources, and Indonesia can
diamong [38]

Answer:

50 cartons of eggs

Explanation:

The comparative advantage is a principle in which a country specializes in the production a good in which it has a lower opportunity cost than others.

                 Bottles of milk     cartons of eggs

India                  15                              50

Indonesia          25                             35

In this situation, the opportunity cost for India of producing 1 bottle of milk is producing 3.33 cartons of eggs. The opportunity cost for Indonesia of producing 1 bottle of milk is producing 1.4 cartons of eggs. This means that Indonesia has a lower opportunity cost and a comparative advantage in producing bottles of milk.

In the other part, the opportunity cost for India of producing 1 carton of eggs is producing 0.3 bottles of milk and the opportunity cost for Indonesia of producing 1 carton of eggs is producing 0.71 bottles of milk. This means that India has a lower opportunity cost and a comparative advantage in producing cartons of eggs.

According to this, India would specialize in producing eggs as it has a comparative advantage and the country will produce 50 cartons of eggs.

5 0
2 years ago
Suppose that the market demand for 32-oz. wide mouth Nalgene bottles is Q = 50,000p^-1.076, where Q is the quantity of bottles p
Natasha_Volkova [10]

Answer:

Equilibrium price and quantity

$6.44 and 6768

Consumer surplus

$571,081

Producer Surplus

$5,288

Explanation:

In this question, we are asked to calculate equilibrium price and quantity, consumer surplus and producer surplus.

Please check attachment for complete solution and step by step explanation

4 0
2 years ago
Jane is preparing a CMA for a seller’s property. She chooses three comparables and makes the adjustments to take into account ea
Inessa05 [86]

Answer:

Jane will arrive at an estimate of the value of her seller’s property by calculating the average for the 3 comparable adjusted values that she has obtained.

This means that the value of the property should be around $292,167.

Explanation:

a) Data and Calculations:

Adjusted values of:

Comparable 1 = $289,500

Comparable 2     295,700

Comparable 3      291,300

Total values =   $876,500

Average value = $292,167 ($876,500)

b)A comparative market analysis (CMA) is a series of steps followed to estimate a property's value based on some recently sold and similar properties at same locations as the property being offered for sale or purchase.  It is used by the real estate agents and brokers to create their CMA reports, which help the real estate sellers to set the best listing prices for their properties.  It is also used by buyers to help them make competitive offers for homes on sale.

4 0
1 year ago
Complete the description of how George financed his car purchase.
Lena [83]
<span>The correct answers are:- B. credit union- B. high-risk
Thus the sentence goes: George bought a new car at a car dealership that offered on-the-spot financing through a CREDIT UNION. George's credit score is poor, but he was still offered a HIGH-RISK loan.
These things are often associated with car dealerships to gain profit quick from customers who are quite impulsive. <span>
</span></span>
4 0
2 years ago
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