Question: Grant's duplex sold at a foreclosure auction for $ 2 8 0 , 0 0 0 . At the time of foreclosure, he had not

Grant's duplex sold at a foreclosure auction for $280,000. At the time of foreclosure, he had not made any payments to the bank for 11 months ($2,400 each). The outstanding balance of his mortgage was $394,000. What is the amount of the deficiency?
$26,400
$87,600
$114,000
$140,400

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