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If a Party in Interest to a Mortgage Wishes to Exercise

Question 11

Multiple Choice

If a party in interest to a mortgage wishes to exercise his right of redemption in a foreclosure sale,he must ________.


A) attend the foreclosure sale and pay the purchaser an equity fee
B) act before the foreclosure sale
C) pay the purchaser the amount the purchaser paid plus interest up to the time of redemption if he exercises his right of redemption after the foreclosure sale
D) secure a co-signer to guarantee the mortgage loan

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