If property owners fail to pay their taxes in a timely fashion this can create a first lien on the mortgaged property. In order to protect against this lenders often require that borrowers add what fraction of their estimated tax bill to their required monthly mortgage payments?

1/12                    

Explanation:

The above case relates to the closing cost. Closing costs refers to the expenditures that investors and vendors usually pay to conclude a property investment sale, above and beyond the price of the land.

Costs involved can comprise mortgage origination payments, concession points, assessment fees, title checks, homeowner's insurance, assessments, taxes, deed-recording fees and credit report fees. Prepaid expenses, such as property taxes and homeowners' insurance, are those that recur over time.

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.