If a Property Encumbered by a Mortgage Is Sold at a Foreclosure

question 36

True/False

If a property encumbered by a mortgage is sold at a foreclosure sale for an amount more than the value of the mortgage,the mortgagor is not obligated to pay the mortgagee the remaining balance.

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Social Welfare

A concept concerning the well-being, health, and economic security of society as a whole.

Synergies

The increased effectiveness or efficiencies created when two or more elements or companies work together.

Public Ownership

The ownership of industries and assets by the government or state, as opposed to private individuals or corporations.

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The U.S. Postal Service is an independent agency of the executive branch of the United States federal government that provides postal services.