A Deficiency Judgment Is

question 3

Multiple Choice

A deficiency judgment is:

• A) a judgment that allows the mortgagor to redeem the property prior to foreclosure
• B) a judgment against the borrower for the difference between the amount owed to a lender and the value of the property sold at a foreclosure sale
• C) a judgment that allows the mortgage insurer to pursue the lender for losses in a foreclosure
• D) none of the above

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