Which of the Following Statements Is Correct Concerning Mortgage Loan

Multiple Choice

Which of the following statements is correct concerning mortgage loan defaults?

A) a non-recourse jurisdiction poses higher default risks for lenders.
B) In a non-recourse jurisdiction, strategic default will not affect the defaulting borrow- er's future access to credit.
C) When a recourse loan defaults, the mortgaged property is the lender's sole source for recovery of the outstanding mortgage balance.