Proceeds from a Foreclosure Sale Go First to the Lender

question 62

True/False

Proceeds from a foreclosure sale go first to the lender, then to the borrower and then to the expenses of the sale.

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Definitions:

Ergonomist

A professional who designs or modifies workplaces, equipment, and processes to fit the user, aiming to increase efficiency and reduce discomfort or injury.

Cognitive Psychologist

A professional in psychology who studies mental processes including perception, memory, thought, and problem-solving.

Aversion

A strong dislike or disinclination towards something, often used in psychological contexts to describe responses to unpleasant stimuli.

Ergonomic Principle

Refers to design considerations that maximize productivity by minimizing operator fatigue and discomfort.