An Action Through Which the Mortgage Holder Takes the Property

question 80

Multiple Choice

An action through which the mortgage holder takes the property from the mortgagor,ends the mortgagor's rights in the property,and sells the property to satisfy the debt is known as:

• A) foreclosure.
• B) equity of redemption.
• C) adverse possession.
• D) an executed deed of trust.

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Definitions:

Identity

The qualities, beliefs, personality, appearance, and expressions that make a person (self-identity) or group (collective identity) unique.

Degradation

The process through which something is reduced in quality, status, or condition, often as a result of environmental depletion or by human activity.

Professional Identity

The self-concept based on attributes, beliefs, values, motives, and experiences as a member of a profession.

Nonwhite Female

A term describing a female individual who does not identify as white, highlighting aspect of ethnicity or race in social and demographic contexts.