Which of the Following Statements Is FALSE Regarding Foreclosure

question 11

Multiple Choice

Which of the following statements is FALSE regarding foreclosure?

• A)In judicial foreclosure,property subject to attachment and execution is limited to the mortgaged property
• B)If the sale of the mortgaged property realizes a price above the claims of the mortgage and expense of the sale,the balance goes to the mortgagor
• C)Redemption can be accomplished by paying 95% of the debt,interest and costs due to mortgage
• D)All of the above

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Definitions:

Categorize

To classify or organize items or ideas into specific groups or classes based on shared characteristics or criteria.

Other-Race Effect

The tendency to more easily recognize faces of the race that one is most familiar with (also known as cross-race effect or own-race bias).

Recognition

The process of identifying something or someone previously seen, known, or experienced.

Social Changes

Alterations in the social structure, patterns, and behavior of a society over time.