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 under order of the court.
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
Q3: The mortgage contract must follow the same
Q4: The rights of the mortgagee under the
Q5: A mortgagee has the duty to pay
Q6: A person who holds a mortgage as
Q7: If a mortgagor wishes to pay off
Q9: The mortgagee has the duty to take
Q10: When a property is subject to a
Q11: When a mortgage is assigned: <br>A)the assignee
Q12: Real property law exempts mortgages from the
Q13: The first mortgage takes precedence over the