State Mutual Bank Has a Mortgage on Property Owned by Aubrey.Aubrey

question 22

Multiple Choice

State Mutual Bank has a mortgage on property owned by Aubrey.Aubrey sold the property to Clarence "subject to" the mortgage.On default, State Mutual can:

• A)not foreclose on the property, but can obtain payment from Aubrey.
• B)foreclose on the property and collect any deficiency from Aubrey.
• C)foreclose on the property and collect any deficiency from Clarence.
• D)none of the above.
• E)two of the above