If Foreclosure and Auction Does Not Produce Enough Money to Satisfy

question 16

True/False

If foreclosure and auction does not produce enough money to satisfy the debt owed by the mortgagor, the creditor-mortgagee can still sue the debtor for the balance owed, called a "remainder."

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Definitions:

Social Cognition

A movement in social psychology that began in the 1970s that focused on thoughts about people and about social relationships.

Rowboat

A small boat propelled through water using oars, typically maneuvered by the occupants.

Effort

The use of physical or mental energy to achieve a goal or complete a task.

Three-Person Trip

an outing or journey undertaken by a group of three individuals together.