What Does a Right of Redemption Allow in Connection with a Mortgage

question 20

Multiple Choice

What does a right of redemption allow in connection with a mortgage or deed of trust?

• A) It allows the granting of a second mortgage on the same property that is already secured.
• B) It allows the lender to use the property to satisfy the debt if it goes into default.
• C) It allows the use of a deed of trust arrangement in place of a conventional mortgage.
• D) It allows the ability to foreclose on the property without court action.
• E) It allows the borrower to recover foreclosed property by paying off the related debt.

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A competitive strategy where a company chooses to serve a particular segment or group of segments within a market, tailoring its products or services to better satisfy the specific needs of those segments.

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