CHAPTER 22

Question 1

INTEREST THAT IS DUE AND PAYABLE

Answer 1

ACCRUED INTEREST

Question 2

A DETAILED ACCOUNTING OF ALL MONIES, CHARGES AND CREDITS IN A REAL ESTATE TRANSACTION

Answer 2

CLOSING STATEMENT

Question 3

RECORDED ON A CLOSING STATEMENT AS AN AMOUNT IN ONES FAVOR

Answer 3

CREDIT

Question 4

RECORDED ON A CLOSING STATEMENT INDICATING AN AMOUNT OWNED AND TO BE PAID AT THE CLOSING

Answer 4

DEBIT

Question 5

A CLOSING WHERE A THIRD PARTY RECEIVES ALL DOCUMENTS AND FUNDS AND COORDINATES THE CLOSING

Answer 5

ESCROW CLOSING