Answer:
This is a red flag for predatory lending AND mortgage fraud.
Explanation:
Considering the situation above, the statement that BEST describes the situation above is that "This is a red flag for predatory lending AND mortgage fraud."
This is because the act of cheating or fraudulent pursuits of some lenders during the loan process is known as predatory lending, in which lying during loan application is part of it.
Also, fraudulent activities such as misstatement, misrepresentation, or omission about a mortgage loan process are considered a mortgage fraud
Answer:
Discretionary funds are used for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing.
Explanation:
Discretionary income incorporates cash spent on extravagance things, excursions, and unnecessary merchandise and ventures. Since Discretionary income is the first to shrivel in the midst of an occupation misfortune or pay decrease, organizations that sell optional merchandise will, in general, endure the most during monetary downturns and downturns.
Discretionary income is a significant marker of monetary well being. Financial specialists use it, alongside extra cash, to determine other significant monetary proportions, for example, the peripheral affinity to expend (MPC), minor inclination to spare (MPS) and purchaser influence proportions.
Answer: True
Explanation:
US State Laws protect home buyers by requiring that home sellers disclose any and everything in the property that may reduce the value of the property.
They require that any repairs that need to be made and any defects that it may have be disclosed before the property is sold. This is particularly true for Texas.
If a property is sold wilfully with knowledge of these defects then the party selling is liable for fraud as well as a civil suit that the seller may bring against them. Selling the house under the condition ' As Is ' does not void these obligations either.
So yes, as Bob was aware of this issue and remained silent, he must pay $50,000 to Jill or fix the termite damage, even though the home is no longer his.
This year on the first Saturday of December, falling on December 4 this year
Explanation:
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