Which of the Following Statements Is TRUE

Multiple Choice

Which of the following statements is TRUE?

A) the promise to repay a mortgage is the covenant
B) the lender is the mortgagor and the borrower is the mortgagee
C) houses that are sold on a power of sale usually bring a price above market value
D) in a foreclosure if the lender sells the property the lender must return any money above the value of the mortgage to the borrower
E) a home owner cannot legally take more than three mortgages on one property