The Court Orders That a Foreclosing Mortgagee Is Entitled to a Court

question 50

True/False

The court orders that a foreclosing mortgagee is entitled to a court supervised sale. The land is sold, but the proceeds of sale are not enough to satisfy what is owed to the first mortgagee. The first mortgagee can sue the mortgagor for the shortfall.

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Definitions:

Unemployment Tax

Taxes paid by employers to fund unemployment insurance programs, offering temporary financial assistance to unemployed workers.