NOIs, NOAs, NODs and Other Acronyms

Your First Name
Your Last Name
Your Office Location (City and State)
Who is entitled to notice of intention to foreclose under Act 91?
A. A borrower with an FHA insured Mortgage
B. A borrower with a conventional Mortgage who has arrears of $59,999.99 and is 12 months delinquent
C. A borrower with a commercial Mortgage
D. A borrower with a conventional first Mortgage in default for 25 months and a second Mortgage held by PHFA in default for 27 months, but no other liens encumbering the subject property.
E. All of the above
F. None of the above
The new Act 91 Notice template contains a warning to borrowers that the Mortgage may be accelerated
True
False
Act 91 does not apply if the Mortgage is less than 24 months delinquent
True
False
Only residential Mortgages are subject to modification under the Flex Modification Program
True
False
If a borrower is determined to be in imminent default, they can be reviewed for a modification under the Flex Modification Program
True
False
{"name":"NOIs, NOAs, NODs and Other Acronyms", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Your Name, Who is entitled to notice of intention for foreclosse under Act 6?, The new Act 91 Notice template contains a warning to borrowers that the Mortgage may be accelerated","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}
Powered by: Quiz Maker