Colorado Real Estate Exam Preparation:Colorado Real Estate Exam Study Guide

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Title Theory (Ans- lender owns, borrower has equitable title Hypothecation (Ans- pledging property as collateral for a loan without giving up possession Mortgagee (Ans- Lender Mortgagor... (Ans- borrower Non Judicial foreclosure (Ans- *CO: Public trustee has power to foreclose 1.Lender complains 2. Notice given 3. trustee sells after 125 days Strict foreclosure (Ans- No sale. Full legal title given to lender, loss of equity for borrower Judicial foreclosure (Ans- done through courts in *Title Theory states Conversion (Ans- illegal use of entrusted money Comingling (Ans- mixing client monies or mixing with personal monies Express Agency (Ans- Actual, formal written agreement establishing terms and conditions Gross Income Multiplier (Ans- =sale price/gross ANNUAL income large rental or commercial property Government deed limitations (Ans- Police power eminent domain taxation escheat Private deed limitations (Ans - deed restrictions mortgages leases easements [Show More]

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