The situation in which real property that was used as collateral for a debt is sold to pay the debt is called:
A) redemption.
B) lender adjustments.
C) foreclosure.
D) mortgage loan.
Correct Answer:
Verified
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)
Q8: When a debtor files for bankruptcy:
A) the
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
Q14: If a property sells at foreclosure for
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