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Form 100 Michigan

Form 100 Michigan

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What makes the form 100 michigan legally binding?

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Quick guide on how to complete form 100 michigan

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Video instructions and help with filling out and completing Form 100 Michigan

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Instructions and help about Form 100 Michigan

we have prepared for you 100 more real estate questions that will help you study and prepare for your real estate exam please like this video as it helps our Channel now let's get started question one which two documents are necessary to establish a legally binding mortgage loan a promisory note and deed of trust B Sales contract and mortgage agreement C title insurance and appraisal report D warranty deed and lease agreement ment the correct answer is a promisory note and deed of trust the promisory note outlines the borrower's promise to repay the loan while the deed of trust secures the property as collateral for the loan question two if a buyer defaults on a sales contract after providing $10,000 as earnest money for a $200,000 property what can the seller do with the $110,000 a return the entire amount to to the buyer B keep the entire amount as compensation C deduct any incurred expenses and return the remaining amount D distribute the money among the real estate

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