Gena borrows $350,000 from Fish Island Bank to buy a home,which secures the mortgage.In the seventh year of the loan,Gena stops making payments.After the bank repossesses the property but before it is sold,Gena may buy it by paying

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Gena borrowed $350,000 from the bank and stopped making payments in the seventh year of the loan. The bank repossesses the property, but before they sell it, Gena has the option to buy it back. In this scenario, Gena would have to pay the full amount of the debt, which includes any interest and costs incurred by the bank during the repossession process, in order to buy back the property. Therefore, Choice D, "the full amount of the debt, plus any interest and costs," is the best answer. Choices A, B, and C are incorrect because Gena would need to pay more than just the potential proceeds from the property's sale or the missed payments to buy back the property.

Gena Borrows $350,000 from Fish Island Bank to Buy a Home,which