Which of the Following Statements Is FALSE Regarding Foreclosure

question 11

Multiple Choice

Which of the following statements is FALSE regarding foreclosure?

• A)In judicial foreclosure,property subject to attachment and execution is limited to the mortgaged property
• B)If the sale of the mortgaged property realizes a price above the claims of the mortgage and expense of the sale,the balance goes to the mortgagor
• C)Redemption can be accomplished by paying 95% of the debt,interest and costs due to mortgage
• D)All of the above

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Definitions:

Community Relations

The practice of maintaining and fostering a positive relationship between an organization and the communities it operates within.

PR Professional

An individual specializing in public relations, responsible for managing and guiding the public image of organizations or individuals.

Surrounding Community

The population living in the vicinity of a business or organization, which can be affected by its operations and decisions.

Immersed

Fully engaged or deeply involved in a particular activity or environment.