A deficiency judgment is:
A) a judgment that allows the mortgagor to redeem the property prior to foreclosure
B) a judgment against the borrower for the difference between the amount owed to a lender and the value of the property sold at a foreclosure sale
C) a judgment that allows the mortgage insurer to pursue the lender for losses in a foreclosure
D) none of the above
Correct Answer:
Verified
Q1: An equitable right of redemption:
A) is allowed
Q2: Title insurance:
A) insures against losses on a
Q4: Two methods of foreclosure include:
A) power-of-sale and
Q5: Foreclosure is a process that:
A) returns the
Q6: FHA mortgage insurance:
A) protects the borrower against
Q7: The FHA up-front mortgage insurance premium (MIP)is:
A)
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