Ezra's mortgage debt to Foxy is past due.Foxy brings a legal action against Ezra to collect the debt.Foxy asks the court to order the sale of the mortgaged property and the payment of the proceeds to Foxy.If the proceeds are insufficient to pay the debt,after the sale,Foxy may recover the difference from Ezra by obtaining

Question

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A deficiency judgment allows Foxy to recover the remaining balance of the debt from Ezra after the sale of the mortgaged property. Foreclosure is the process of selling the mortgaged property to satisfy the debt, which Foxy is already requesting. Right of reimbursement and right of subrogation do not pertain to this situation.

Ezra's Mortgage Debt to Foxy Is Past Due