1.Why is the negotiability of a promissory note important?
2.Explain the endorsement process, with its accompanying contractual and warranty liabilities.
3.What is an open-end or dragnet mortgage?
4.What is the importance of being a holder in due course?
5.What is the difference between purchasing real property subject to a mortgage and assuming a mortgage?
6.What risks are inherent in second mortgage loans?
7.What is the difference between a promissory note and a guaranty?
8.What is the difference between a judicial and a nonjudicial power of sale foreclosure?
9.Why is bankruptcy a good debtor’s defense to a foreclosure?
10.What remedies other than foreclosure are available to a real estate lender in the event of a default?