• Suppose that a mortgage loan of $98819 is extended to a customer for 20 years payable in monthly instalments. Assume that the customer paid back 55% (including interest) of mortgage loan and then defaulted on its payment. The bank took back the mortgaged home from the customer and put it up for a disclosure at market price of $196061. Will customer get anything from the bank after sale of the car? How much? Please ignore all the transactions costs incurred on the final settlement between customer and lender.

  
  

Answer rating: 100% (QA)

Nothe customer will not receive anything from the bank after the sale of the houseHeres why Outstand... View the full answer