One Remedy Available to a Mortgagee Upon Default Is a Judicial

question 21

True/False

One remedy available to a mortgagee upon default is a judicial sale.

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Definitions:

Fee Simple Absolute

The most complete ownership of land possible, with unconditional and permanent property rights.

Life Estate

A property interest that lasts for the lifetime of an individual, after which the property passes to another designated party.

Conditional Estate

A property interest that is dependent on the occurrence or non-occurrence of a specified condition.

Easement

A right granted to a party to use the property of another for a specific purpose, like a right-of-way.