Which of the following regarding a Trustee's Sale is false?
A) the sale must be advertised in a newspaper of general circulation in the area
B) after the sale, the dispossessed owner has a one-year right of redemption
C) the sale must be held in a public place
D) the beneficiary doing the foreclosing is allowed to submit the loan balance and foreclosure costs instead of cash
Correct Answer:
Verified
Q1: A type of financing instrument in which
Q3: A real estate promissory note that reads
Q4: The Real Property Loan Law does not
Q4: An enforceable due-on-sale clause is correctly called
Q5: An investor wants to acquire income property
Q6: The successful bidder at a Trustee's Sale
Q9: A lot is sold for $180,000, making
Q10: If a property had a net operating
Q11: An owner sells and the buyer takes
Q13: Late charges on a loan:
A) are charged
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