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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