Which of the Following Is NOT an Alternative to Foreclosure

question 34

Multiple Choice

Which of the following is NOT an alternative to foreclosure?

• A)Restructuring the mortgage loan
• B)Transfer of the mortgage to a new owner
• C)Redemption
• D)Prepackaged bankruptcy

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Definitions:

GDP

Gross Domestic Product represents the complete market value of all final goods and services produced inside a nation's boundaries over a specific time frame.

Disposable Personal Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.

Gross National Product

The total value of all goods and services produced by a country's residents and businesses, including those produced abroad, over a specific time period.

National Income

The total amount of money earned within a country, including wages, rent, interest, and profits.