Question: A deficiency judgment is never allowed in a foreclosure proceeding. True False

A deficiency judgment is never allowed in a foreclosure proceeding.
True
False
A deficiency judgment is never allowed in a foreclosure proceeding. True

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1. A secured party perfects a claim by filing a financing statement with the debtor. True False 2. To create an enforceable security interest, a debtor does not need to have rights in the collateral....

Q:

true or false 7. Generally, foreclosure of a senior lien extinguishes all junior liens. 8. When a deed of trust on any type of property is foreclosed by a trustee's sale, a deficiency judgment is...

Q:

Question 12 pts More than one person can own an interest in a particular parcel of real property. True False Flag this Question Question 22 pts A sidewalk is usually considered to be a fixture. True...

Q:

Question 12 pts More than one person can own an interest in a particular parcel of real property. True False Flag this Question Question 22 pts A sidewalk is usually considered to be a fixture. True...

Q:

I need a solution to this question in number 3 of real estate finance on an article called working at workout: commercial real estate debt in distress. 3. Calculate the expected return (IRR) to drive...

Q:

i need help with the below assignment use the pdf attached to work it out Why is the loan in default? Explain which reasons are most relevant to Drive.What economic factors contributed to the...

Q:

Statement I: Instructions contemplate only private rules of guidance to the agent and are independent and distinct from the agent's authority. Statement II: The liability of the agent for either...

Q:

In his will, T leaves Blackacre to A for life, remainder to A's children. A dies without ever having had children. Blackacre will: escheat to the state; none of the above pass through A's estate...

Q:

1. A deficiency judgment is a a. Judgment with no means for payment b. Judgment which reduces the debt through periodic payments c. Judgment due for the balance of a note remaining due after a...

Q:

Question 7 0.5 In making a decision of whether to issue a loan to a consumer, an unsecured creditor may consider a number of factors. Which of these is/are factor(s) that a creditor would normally...

Q:

This time, William Tell is shooting at an apple that hangs on a tree (Fig. 3.34). The apple is a horizontal distance of 20.0 m away and at a height of 4.00 m above the ground. If the arrow is...

Q:

Find the t value(s) for each of the following cases. a. Upper tail area of .025 with 12 degrees of freedom b. Lower tail area of .05 with 50 degrees of freedom c. Upper tail area of .01 with 30...

Q:

14 The area of this compound shape is 15 m. The area of one rectangle is 94m. a estimate, then b calculate the area of the other rectangle.

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....