A lender foreclosed on a California home that had a VA loan. The proceeds from the sale were not enough to cover the outstanding loan amount. Which of the following statements are true?
A) The lender takes the loss and cannot do anything about it.
B) The lender can sue the seller who sold the home to the veteran.
C) The lender cannot sue because California is an anti-deficiency judgment state.
D) The lender can sue for a deficiency judgment.
Correct Answer:
Verified
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