Which of the Following Is NOT a Factor in Causing

question 23

Multiple Choice

Which of the following is NOT a factor in causing a property to become distressed:

• A)Borrower's personal debts
• B)Delinquent property taxes
• C)Delinquent homeowner's insurance bill
• D)Borrower's inability to make mortgage payments

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Definitions:

Note Receivable

A written promise that entitles the holder to receive a specified amount of money from another party at a future date.

Interest

A charge for borrowed money, generally a percentage of the amount borrowed.

Maturity Value

The total amount payable to an investor at the end of a fixed-income security's life, including both the principal and interest.

Interest-bearing

Describes a financial instrument or account that generates interest income over time.