Where a First Mortgagee Completes a Foreclosure Action

question 1

Multiple Choice

Where a first mortgagee completes a foreclosure action

• A) it has foreclosed only against the interest of the mortgagor, not any subsequent mortgagee.
• B) a second mortgagee has a right of action against the first mortgagee.
• C) a subsequent mortgagee loses its rights in the property, and is left only with an action against the mortgagor.
• D) the mortgagor receives the equity of redemption.

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Definitions:

Prepared to Take Action

A state of readiness and willingness to initiate change or undertake specific measures to achieve set goals.

6-12 Sessions

A common framework for short-term therapy, suggesting therapy can achieve significant outcomes within six to twelve sessions.

Contingency Management

A behavioral intervention technique that modifies behavior by changing the consequences that are contingent on that behavior.

Counterconditioning

A behavioral therapy technique that involves replacing an undesirable response to a stimulus with a more desirable one.