FIN 3509 Study Guide - Midterm Guide: Amortization Schedule, Net Present Value, Income Approach
13 Jan 2017
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*deed of trust instrument: look at 26 provisions. Security interest: secured interest that lender has in relation to the mortgage. Special: presumption is that everyone before you had title ins. Limited in time from your transaction to the seller"s. Quick-claim: whatever i own is what you get. Allows water company to run pipe through bottom of your house. Has provision to give company right to maintain that. Short sale: sale of prop where mortgage of prop falls short of value of prop. Foreclosure: termination of right of redemption, takes away borrower right to make up payments. One second before, if you pay up in full, there is a provision whether statutory or equitable, the foreclosure will be revoked. 3: dcf model: pv, fv, n, i, pmt. Components of compounding: reverses of one another, compound then discount. Amortization schedule: know what every number on example looks like. How is compound int is computed and how it affects outcome of an.
