CAFF 243 - Real Estate Finance

(3 units)

Principles and operations of the real estate finance field. Promissory notes, trust deed notes, adjustable-rate mortgages, penalties, mortgage notes, lock-in clauses, balloon payments, impounded accounts, rent provisions, beneficiary statements, grant deeds, equity purchases, due on sale, FHA and VA mortgages, financing, purchase agreements, seller carryback and disclosure, creditworthiness, seller security devices, loan applications, fees, reinstatement and redemption, foreclosure, delinquency and default, home mortgage deductions, and interest reporting. Partially satisfies requirements for Real Estate Salesperson and California Real Estate Broker licenses.

Letter grade only (A-F). Not repeatable for credit.