If Equity Remains After a Foreclosed Property Is Sold,the Borrower

question 16

True/False

If equity remains after a foreclosed property is sold,the borrower often gets to keep the difference between the sale price and the mortgage amount.

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Definitions:

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment compared to its cost.

Operating Assets

Resources owned by a business that are used in its day-to-day operations to generate revenue, such as machinery, buildings, and equipment.

Net Operating Income

The profit a company generates from its operations, before taxes and interest, calculated as gross income minus operating expenses.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated as net profit divided by the cost of the investment.