Solved

Which Statement Is Incorrect Concerning Mortgages

Question 49

Multiple Choice

Which statement is incorrect concerning mortgages?


A) The mortgagee's interest terminates upon performance of the obligation secured by the mortgage.
B) The mortgagee has the right to enforce the mortgage by foreclosure upon default by the mortgagor.
C) The mortgagor must have complete or absolute ownership in the property.
D) Generally, no particular form of language is required to create a mortgage.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions