Question: 12 15 1) Moving to another question will save this response. Question 12 of 30 4 points A borrower with two mortgages on their property
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1) Moving to another question will save this response. Question 12 of 30 4 points A borrower with two mortgages on their property defaults. At the time of the default, the first lien has a balance of $322081, the second lien has a balance of $25935. The borrower owes $2000 in property taxes. The house sells for $271211 in a foreclosure auction. How much of a deficiency will the first lien lender have? Write the answer as a number rounded to two decimals (e.g. if you get $50,66666, write 50.67 ). A Moving to another question will save this response.
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