Outline
- Finance Instruments
- Promissory Notes
- Negotiable Instruments
- Security Instruments
- Trust Deeds
- Mortgages
- Judicial Foreclosure Procedure
- Typical Clauses in Finance Instruments
- Acceleration Clause
- Alienation Clause
- Defeasance Clause
- Partial Release, Satisfaction, or Conveyance Clause
- Prepayment Clause
- Subordination Clause
- Other Mortgage Clauses and Covenants
- Types and Features of Mortgages
- Purchase Money Mortgage
- Cash-Out Mortgage
- Refinance Mortgage
- Home Equity Loan, Home Equity Line of Credit
- Blanket Mortgage
- Bridge Mortgage
- Graduated Payment Mortgage (GPM)
- Open-End Mortgage
- Package Mortgage
- Reverse Mortgage
- Equity Participation Mortgage
- Wraparound Mortgage
- Construction Mortgage
- Land Contracts
Learning Objectives
- Learn general finance terms and concepts
- Demonstrate knowledge of mortgage related issues
- Ability to determine how agreements affect mortgage transactions
- Gain knowledge of advantages and disadvantages of types of mortgages
Teaching Methods:
PowerPoints, Video PowerPoint Presentation and Optional Quiz
Course Features
- Lectures 1
- Quizzes 1
- Duration 1 hour
- Skill level All levels
- Language English
- Students 10
- Assessments Yes