Where a First Mortgagee Completes a Foreclosure Action

question 57

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.
• E)None of these

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