Solved

If Foreclosure and Auction Does Not Produce Enough Money to Satisfy

Question 16

True/False

If foreclosure and auction does not produce enough money to satisfy the debt owed by the mortgagor, the creditor-mortgagee can still sue the debtor for the balance owed, called a "remainder."

Correct Answer:

verifed

Verified

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

Related Questions

Q11: State law generally specifies that a landlord

Q13: Which of the following would be granted

Q14: Which of the following is intangible property?<br>A)

Q15: You're lying in bed when a piece

Q17: If Landon, who is 80 years old,

Q19: It is presumed in court that a

Q20: You and your roommate are driving through

Q59: Explain the rule of first possession.

Q83: Property is the legal right to exclude

Q98: The general way of perfecting a security