Intentionally Failing to Pay Mortgage Payments in Order to Be

question 30

Multiple Choice

Intentionally failing to pay mortgage payments in order to be foreclosed and out of the mortgage payment is called​

• A) ​purposeful foreclosure.
• B) ​strategic default.
• C) ​a short sale.
• D) ​nonrecourse default.

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Definitions:

In Personam Jurisdiction

Legal authority over a particular person as opposed to jurisdiction over property, allowing a court to make decisions affecting the person's rights and obligations.

Exclusive Jurisdiction

A legal authority of a particular court to be the only court to hear a specific case or type of case, precluding others.

Patent Cases

Legal disputes that involve the infringement, validity, or enforcement of patent rights.

Forum Selection Clause

is a contractual provision that specifies the location and/or jurisdiction in which disputes arising under the contract will be resolved.