TRUE OR FALSE:

7) To hypothecate is to pledge an interest in the real estate.

8) Lenders are not concerned about payment of taxes because tax liens are borrowers problem.

9) Lenders always assume that borrowers will have casualty insurance because it is in the borrowers self-interest to protect themselves against loss.

10) In title Theory States, the held in trust for the lender until the loan is paid and title reverts to the borrower.

11) Seller financing will always be cheaper than bank financing.

12) The purpose of recording is to effectively put the world on notice about the something affecting title.