Multiple Choice
Which of the following is true of foreclosures?
A) Foreclosure proceedings are the same throughout the country.
B) An officer of court is allowed to make the sale when a mortgage becomes due.
C) Unrecorded mortgages takes precedence over mechanic's lien.
D) The first mortgage always takes precedence over the cost of foreclosure and taxes.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Mortgages are interpreted according to the contract
Q5: Which of the following is true of
Q5: A mortgagee has the duty to pay
Q6: A person who holds a mortgage as
Q7: A(n) _ is an interest in real
Q9: If a mortgagor wishes to pay off
Q10: A mortgagor has the right to redemption
Q13: The first mortgage takes precedence over the
Q14: A mortgagor has the right to rents
Q17: Which of the following is true of