Choose the One Most Appropriate Answer for Each

question 20

Multiple Choice

Choose the one most appropriate answer for each.
-a method of selling and financing property whereby the buyer obtains possession but the seller retains the title

• A)adjustment period
• B)adjustable rate mortgage (ARM)
• C)blanket mortgage
• D)blended-rate loan
• E)buy-down mortgage
• F)carryback financing
• G)contract for deed
• H)equity mortgage
• I)equity sharing
• J)graduated payment mortgage
• K)interest rate cap
• L)negative amortization
• M)option
• N)overencumbered property
• O)package mortgage
• P)payment cap
• Q)reverse mortgage
• R)sale and leaseback
• S)subordination
• T)wraparound mortgage

---

Definitions:

Authenticate

To sign or, on an electronic record, to adopt any symbol that verifies the intent to adopt or accept the record.

State Court

A court that has jurisdiction within a specific state in the United States, handling state law matters.

Class Action

A class action is a legal proceeding in which one or several plaintiffs bring a lawsuit on behalf of a larger group, or "class," of individuals who have experienced similar harm.

Arbitration

A form of alternative dispute resolution where a neutral third party makes a binding decision to resolve a dispute outside of court.