Question: In the case of _ _ _ _ _ _ _ _ _ _ , after the foreclosure, the proceeds of the sale are applied

In the case of __________, after the foreclosure, the proceeds of the sale are applied to the payment of the mortgage debt, and any surplus is paid over to the mortgagor.
Multiple Choice
foreclosure by action and sale
an accommodative foreclosure
foreclosure by redemption
a strict foreclosure

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 Finance Questions!

Q:

Dear Tutor, Please help to solve a revised memo include the recent court case to the attached memo file . Best, Facts In 2020, Bob Hod purchased a new residence in Las Vegas for $660,000 with two...

Q:

Good morning i need help about the questions ( Business law) 1.What is a Lien? Lien is an encumbrance on (claim against) property to satisfy a debt or protect a claim for the payment of a debt. i...

Q:

Answer the last page of the picture, The CASE PROBLEM. 3. any remaining amount is cistributed to the owners. Liquidation may be either voluntary (e.g.. per agreement of partners of a solvent...

Q:

12 persona property 1.Explain the six different categories of property. 2.For a gift to qualify as a personal property, provide the three elements that need to be proven 3.Compare and contrast...

Q:

Please read the attached Tax Court case, J. MICHAEL BELL AND SANDRA L. BELL, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Then write a "Brief" of the case. Your Brief should be in the...

Q:

17. A defaults on her loan to the Bank. Bank takes A's real property to sell at auction and uses the proceeds from the sale to pay down the debt. This is a repossession or foreclosure, 18. B's debt...

Q:

Which of the following is patentable? Aesthetic creations Logo of a business Computer program None of the above Which of the following intellectual property rights is not required to be registered in...

Q:

Instruction: 1. Mention the parties involved in the case, duly identified as plaintiffs or defendants, etc. 2. What is the main controversy that arises in the case. (The controversy It is always that...

Q:

MH0007 0 0 7 7645065 Ca s ey B u rt Fra nk T. R o tha e rm e l Bank of America (in 2010) and the New Financial Landscape Stephanie Milner spent the fall and winter of 2008-2009 like many Americans,...

Q:

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 4 of this Circular have been used in this front cover. If you are in any doubt...

Q:

The Conference Board produces a Consumer Confidence Index (CCI) that reflects peoples feelings about general business conditions, employment opportunities, and their own income prospects. Some...

Q:

In Home and Foreign there are two factors each of production, land, and labor used to produce only one good. The land supply in each country and the technology of production are exactly the same. The...

Q:

A portfolio manager holds a portfolio of stocks worth $ 1 , 0 0 0 , 0 0 0 and wants to hedge against potential market downturns using S&P 5 0 0 futures. The manager is concerned about the exact...

Q:

2023 1040 form 1.Phillip and Claire are married and file a joint return. Phillip is self-employed as a real estate agent, and Claire is a flight attendant. Phillip and Claire have three dependent...