Metro Finance Co. lends $100,000 to Joe Simms with a mortgage on his house as security. Simms defaults. Which of the following remedies, if any, does Metro Finance NOT have available to it?
A) sue on the covenant
B) apply for sale of the property under judicial supervision
C) apply for court order foreclosing Simm's interest in the property
D) take possession of the property
E) It can do any of the above.
Correct Answer:
Verified
Q38: Arthur Ross leases a commercial premise. He
Q39: Priscilla Han signs a mortgage document to
Q40: Harry Heinz operated a small barber shop
Q41: Which of the following statements is TRUE?
A)An
Q42: Which of the following statements is FALSE?
A)Insurance
Q44: Which of the following statements respecting claims,
Q45: A mortgage fraud scheme where new immigrants
Q46: William Aitchison had a first mortgage on
Q47: Which of the following statements is TRUE?
A)an
Q48: You own a small grocery store. You
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents