What would your answer be in Problem 5 if Mr. Nelligans mortgage was not recorded? Data from
Question:
What would your answer be in Problem 5 if Mr. Nelligan’s mortgage was not recorded?
Data from problem 5
Mort owns a property. Jessica Rosen holds a first mortgage against it, and Alex Nelligan holds a second mortgage. Mort defaults on his mortgage payments. Ms. Rosen forecloses without joining Mr. Nelligan in the foreclosure suit. The property is sold to Shelia McBride at the foreclosure sale.
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Assuming Ms Rosen and Ms McBri...View the full answer
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Related Book For
Real Estate Finance and Investments
ISBN: 978-0073377339
14th edition
Authors: William Brueggeman, Jeffrey Fisher
Question Posted:
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