When borrowers fail to pay property taxes, allow their property to go into disrepair or miss scheduled mortgage payments, they could face loan default.
Property tax is a charge made on real estate that is owned by a person, a business, or another type of legal body. Property tax is most frequently a real estate ad-valorem tax, which is regarded as a regressive tax. It is computed by the local government in the area where the property is situated, and the owner is responsible for paying it. Usually, taxes are calculated based on the value of the assets that are possessed, including land. However, a lot of places additionally tax things like vehicles and boats that are tangible personal property. The local governing body will use the assessed taxes to pay for water and sewer improvements as well as for other community-beneficial services including libraries, law enforcement, fire protection, and road and highway building.
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Answer:
Option (A) is correct.
Explanation:
Investment spending curve refers to the curve shows various combination of real interest rate and the equilibrium output. There is a negative relationship between the real interest rate and output which means that an increase in the real interest rate will reduce the output of an economy and if there is a fall in the real interest rate then as a result there is an increase in the output.
If you give a plant to much water it could cause rotting to the roots and it won’t be able to get the oxygen it needs. The plant will not be able to grow without its healthy roots Causing the plant to stunt its growth.
Answer: B. Metes and Bounds System
Explanation: The metes and bounds system is an old system of land surveying practiced many centuries ago whereby land boundaries are determined using features such as flowers, trees, river, roads, pole etc. It was a system used before the advent of modern surveying instruments.
•Metes refers to determining boundary by measuring straight run between two points.
•Bounds is the use of features such as rocks, water course, etc to define boundary, this is used for large portion of property such as political boundaries between two towns.
B. Interest
Because the bank has to charge a certain amount for loaning out the money
