When a Property Sells at a Foreclosure Sale for Less

question 48

Short Answer

When a property sells at a foreclosure sale for less than the debt, a(n)______________________________ may allow the lender to proceed against the borrower's other unsecured assets.

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Definitions:

3M Corporation

A multinational conglomerate corporation known for products like Post-it Notes, Scotch tape, and a wide range of industrial and consumer goods.

Venture Capital

Financing that investors provide to startup companies and small businesses believed to have long-term growth potential.

Start-up Firms

Newly established businesses, often in the early stage of development and research of their products or services.

Retained Earnings

The portion of a company's profits that is held or retained and not paid out as dividends to shareholders, often reinvested in the business.