The process in which the lender sues the borrower to prove default and asks the court to order the sale of real estate property to pay the mortgage debt is called
A) preforeclosure.
B) foreclosure.
C) repossession.
D) default.
Correct Answer:
Verified
Q126: Which of the following is a measure
Q127: How much would one pay in points
Q128: Which of the following types of deeds
Q129: Each of the following mortgage loans is
Q130: Title insurance to protect the _ is
Q132: John and Sarah bought a home last
Q133: A price-to-rent ratio above the national average
Q134: Which of the following aspects of the
Q135: Lenders charge a loan origination fee to
Q136: Prior to foreclosure,the homeowner has which options?
A)Depart
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents