When a debtor files for bankruptcy:
A) the lender may proceed with the foreclosure.
B) the lenders are placed under an automatic stay.
C) the bankruptcy judge allows only the senior lien to be foreclosed.
D) the foreclosure continues but the proceeds are placed in trust.
Correct Answer:
Verified
Q3: The deed given to the high bidder
Q4: A debtor in default might avoid foreclosure
Q5: Deficiency judgments are:
A) general liens.
B) special liens.
C)
Q6: What is the term that describes when
Q7: The trustee in a bankruptcy works for:
A)
Q9: The situation in which real property that
Q10: Some states allow non-judicial foreclosure. The part
Q11: Under the terms of most private mortgage
Q12: In a default of an FHA loan,
Q13: VA lenders are required to make every
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