What would your answer be in Problem 5 if Mr. Nelligans mortgage was not recorded? Data from

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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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Real Estate Finance and Investments

ISBN: 978-0073377339

14th edition

Authors: William Brueggeman, Jeffrey Fisher

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