The ________ prohibits deficiency judgments regarding certain types of mortgages, such as those on residential property.

Question

Quizplus · Accepted Answer

The term "antideficiency statute" refers to a law that prohibits lenders from obtaining deficiency judgments against borrowers in certain circumstances, such as when the mortgage is on a residential property. Therefore, option D is the correct answer. Option A refers to a law that governs the process of foreclosure; option B refers to a law related to mortgages in general; and option C refers to a law that requires the public recording of certain documents related to real estate transactions.

The ________ Prohibits Deficiency Judgments Regarding Certain Types of Mortgages