What happens when a mortgagor sells real property that has a mortgage?
A) Only the equity of redemption is sold
B) The original mortgagor must still pay the mortgagee
C) All of the above
D) None of the above
Correct Answer:
Verified
Q10: What state uses a deed of trust?
A)
Q11: What does the word "foreclose" mean?
A) Shut
Q12: What clause in a mortgage causes the
Q13: What term describes the right to redeem
Q14: What legal documents grant the right of
Q16: What term describes a situation when a
Q17: What is a junior mortgage?
A) Second mortgage
B)
Q18: What is involved in refinancing?
A) Extinguishing a
Q19: What document does the mortgagor sign when
Q20: What document shows that specified parcels of
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