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What Should a Prudent Mortgagee Do When a Mortgagor Defaults

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Essay

What should a prudent mortgagee do when a mortgagor defaults on the mortgage and abandons the mortgaged property?


Definitions:

Analysis of Variance

A collection of statistical models used to compare the means of three or more samples.

Level of Significance

A threshold used in hypothesis testing that determines the probability of rejecting a null hypothesis when it is actually true.

Useful Life

The estimated period that an asset is expected to be usable for its intended purpose.

Randomized Block Design

An experimental design employing blocking.

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