Which statement correctly completes the following sentence about Discharge of Qualified Principal Residence Indebtedness (QPRI)? This type
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Question:
Which statement correctly completes the following sentence about Discharge of Qualified Principal Residence Indebtedness (QPRI)? This type of discharge from debt __________.
a. Can be defined as the restructuring of a loan that allows the borrower to retain ownership of their home.
b. Is available for a second home.
c. Is not likely to trigger the cancellation of debt income.
d. Occurs when the bank takes the home from the borrower to satisfy the mortgage debt.
Expert Answer:
ANSWER IS a Can be defined as the restructuring of a loan that allows the borrowe... View the full answer
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