_____ implies that the creditor has no right to a deficiency and the debtor has no right to any surplus.
A) The deed of trust
B) Mortgage
C) Strict foreclosure
D) Possessory lien

Question

Quizplus · Accepted Answer

A small number of states permit what is called strict foreclosure. A creditor keeps a property in satisfaction of a debt, and the owner's rights are cut off. This means that the creditor has no right to a deficiency and the debtor has no right to any surplus. Strict foreclosure is normally limited to situations in which the amount of the debt exceeds the value of the property.

_____ Implies That the Creditor Has No Right to a Deficiency