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:

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from revenue.

Earnings

The amount of profit that a company generates during a specific period, often reported as net income.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

Accounting

The systematic process of recording, analyzing, and interpreting financial information.