Solved

To Purchase a House, Rita Obtains a Mortgage Loan with Suburban

Question 71

Multiple Choice

To purchase a house, Rita obtains a mortgage loan with Suburban Mortgage Company. Rita defaults on the payments on the loan. The activities take place in a state that allows the lender to foreclose on and sell the property without judicial supervision. This is


A) a short sale.
B) an improper lending practice.
C) a friendly foreclosure.
D) a power of sale foreclosure.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents