Finance Instruments

Outline

1. Finance
   Instruments
   1. Promissory Notes
   2. Negotiable Instruments
2. Security
   Instruments
   1. Trust Deeds
   2. Mortgages
   3. Judicial Foreclosure Procedure
3. Typical
   Clauses in Finance Instruments
   1. Acceleration Clause
   2. Alienation Clause
   3. Defeasance Clause
   4. Partial Release, Satisfaction, or Conveyance Clause
   5. Prepayment Clause
   6. Subordination Clause
   7. Other Mortgage Clauses and Covenants
4. Types
   and Features of Mortgages
   1. Purchase Money Mortgage
   2. Cash-Out Mortgage
   3. Refinance Mortgage
   4. Home Equity Loan, Home Equity Line of Credit
   5. Blanket Mortgage
   6. Bridge Mortgage
   7. Graduated Payment Mortgage (GPM)
   8. Open-End Mortgage
   9. Package Mortgage
   10. Reverse Mortgage
   11. Equity Participation Mortgage
   12. Wraparound Mortgage
   13. Construction Mortgage
5. Land
   Contracts

Learning Objectives

1.       Learn general finance terms and concepts
2.       Demonstrate knowledge of mortgage related
   issues
3.       Ability to determine how agreements affect
   mortgage transactions
4.       Gain knowledge of advantages and disadvantages
   of types of mortgages

Teaching Methods:  

PowerPoints, Video PowerPoint Presentation and Optional Quiz