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2.Real Estate Finance- The Laws and Contract a)Describe the two most common types of caps in an adjustable rate mortgage. b) What is the purpose

2.Real Estate Finance- The Laws and Contract

a)Describe the two most common types of caps in an adjustable rate mortgage.

b) What is the purpose of an escrow clause?

c)How does a sale by contract for deed differ from a normal real estate sale? What does the contract for deed accomplish?

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