A Senior Mortgage Holder Is Owed a Mortgage Balance of $140,000

question 29

Multiple Choice

A senior mortgage holder is owed a mortgage balance of $140,000 and brings a foreclosure suit which includes all junior claimants in the suit.If the senior mortgage holder purchases the property for $140,000 at the foreclosure sale,what happens to the claim of the junior claimants?

• A)The liens of the junior claimants are unaffected and the debt is due upon sale
• B)The liens of the junior claimants are extinguished,but the debt owed to the junior claimants is unaffected
• C)The liens of the junior claimants and the debt owed to them are extinguished
• D)The liens of the junior claimants are unaffected,but the debt owed to them is extinguished

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Definitions:

Hypothalamus

A region of the brain that controls functions such as hunger, thirst, emotions, and the autonomic nervous system.

Regulating Eating

The process of controlling food intake and dietary habits for health, weight management, or psychological well-being.

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, such as heartbeat and digestion.

Cerebral Cortex

The outer layer of the brain's cerebrum, responsible for complex cognitive functions such as thought, language, consciousness, and memory.