If a default occurs in a non-recourse commercial mortgage-backed security, the lender will most likely: A. Recover
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If a default occurs in a non-recourse commercial mortgage-backed security, the lender will most likely:
A. Recover prepayment penalty points paid by the borrower to offset losses.
B. Use only the proceeds received from the sale of the property to recover losses.
C. Initiate a claim against the borrower for any shortfall resulting from the sale of the property.
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The correct answer is B Use only the proceeds received from the sale of the property to recover loss...View the full answer
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