If the borrower is unable to pay the mortgage, the mortgagee has the right to:
A) fore-close on the property
B) obtain 50% of the value of the property from the borrower
C) take all of the borrower's tangible possessions
D) have the borrower put in prison
E) none of the other choices are correct
Correct Answer:
Verified
Q401: When real estate itself is used to
Q402: The _ allows a debtor to retain
Q403: A mortgagee is:
A) the debtor on a
Q404: A mortgage:
A) is a debt obligation (lien)
Q405: A creditor who obtains an interest in
Q407: Don borrows $90,000 to buy a home.
Q408: In some cases, the property of a
Q409: A mortgagor is:
A) the debtor on a
Q410: The creditor on a mortgage is known
Q411: The law of mortgages comes from:
A) the
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