Sedgewick arranged for an open-end construction loan from the Second National Bank not to exceed $50,000. The
Question:
Sedgewick arranged for an open-end construction loan from the Second National Bank not to exceed $50,000. The loan was closed and Sedgewick drew $30,000 initially. Three months later he drew the remaining $20,000. What is the bank’s position concerning the possibility of intervening liens?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
An openend mortgage is one that provides for addi...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
1+ Reviews
10+ Question Solved
Related Book For 
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Question Posted:
