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MRT 2 · Borrower Demise
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Borrower Demise
What happens to a mortgage on death under joint tenancy vs tenants in common, and the role of life insurance.
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Key points
Question 3
Which term matches: "mortgage must be repaid; estate is liable; property may need to be sold"
Question 4
What does "On death of joint borrower (joint tenancy)" mean?
Question 5
Match each term in "Key points" to its meaning
Tap a term, then tap its matching definition.
Question 6
Fill in the blank
______ — deceased’s share passes per will/intestacy; surviving
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What the exam tests
What happens to a mortgage on death under joint tenancy vs tenants in common, and the role of life insurance.
Question 8
True or false?
What happens to a mortgage on death under joint tenancy vs tenants in common, and the role of life insurance