Multiple Choice
Which of the following statements is true regarding a mortgagee sale of property?
A) The mortgagee must sell through a licensed real estate agent.
B) The mortgagor must be given the first right to purchase the property at a fair price.
C) The mortgagor is not allowed to attend the sale in case he or she makes a high bid and discourages genuine buyers.
D) The mortgagor remains liable for any sum owing to the mortgagee after the proceeds of the sale have been distributed.
Correct Answer:
Verified
Correct Answer:
Verified
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