True/False
When a default under one mortgage loan is a default under another mortgage loan, the loans are cross-defaulted.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q20: An assignment of rents and leases must
Q21: A construction loan agreement will generally require
Q22: It is legally permissible for a lender
Q23: The "due on sale" provision in a
Q24: The provision in a construction loan agreement
Q25: If personal property consists of fixtures, the
Q26: Construction loan agreements commonly provide that a
Q27: A cross-default means that a default under
Q29: An exculpated loan is full recourse to
Q30: An assignment of rents and leases is