Homework: Trouble at 3 Forks
Length: 600 to 850 words.
Details
Introduction: The foreclosure process can differ for deeds versus mortgages. You will conduct research to determine these differences since it is not only covered in the real estate exam, but it is important to know this process in professional practice.
Scenario: Henri and Lila own a restaurant which the government has caused to close due to widening the road in front of their establishment. Since this is the main source of their income, and has caused Lila and Henri to stop payments on their mortgage, address the following questions.
Checklist:
a. Explain the action that Henri and Lila should expect from the bank regarding their property.
b. Describe how the banks actions would differ if it was a deed of trust rather than a mortgage.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.