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Lostsunrise [7]
2 years ago
11

Even after a foreclosed property is sold at public auction, the defaulting borrower may be able to recover the property for a ti

me by paying the balance plus foreclosure expenses or the foreclosure sale price, depending on the state. This right is called the
Business
1 answer:
9966 [12]2 years ago
8 0

This right is called the right of Redemption

The right of redemption enables borrowers who have fallen behind on their mortgage payments to regain their homes by paying the outstanding balance plus interest and penalties either before the foreclosure process gets underway or, in some areas, even after a foreclosure auction.

When a person takes out a mortgage to purchase a property, the house itself acts as security for the loan. In other words, if a homeowner misses a payment, they lose possession of the house. Many mortgage notes contain a clause referred to as the right of foreclosure that explains a lender's power to foreclose on a property and specifies the circumstances in which the lender may do so.

Learn more about the Redemption here brainly.com/question/13554337

#SPJ10

You might be interested in
Select the correct answer from each drop-down menu. which sector dominates developed economies such as the united states? in dev
professor190 [17]

Legal firms and hospitals are the that dominates the economy is the consumer service sector.

<h3>Which sector dominates developed economies such as the United States?</h3>

In the Unites State which is a developed country is highly dominated by the service sector, in US about 80% of the country's output. The US service sectors companies are technology, financial services, healthcare and retail, that dominated maximum economy.

Thus, Legal firms and hospitals

For more details about sector dominates developed economies, click here:

brainly.com/question/26634414

#SPJ1

4 0
2 years ago
Jeff earns well and belongs to a good team, but he is quite dissatisfied with his boss and the critical remarks he receives desp
creativ13 [48]

Answer: D.) Supervision

Explanation: In an organizational setting, it is imperative to oversee, monitor, evaluate and carry out performance appraisal of workers or employees in other to access and ensure that workers carry out their fuctions as perfectly as possible based on organizational benchmark and standard. The supervisory role is usually overseen by an individual of higher position who who inturn gives a verdict or remark based on the employee's performance. In the scenario above, Jeff's lack of job satisfaction could be traced to Supervision due to the critical remark he earns despite giving best.

3 0
3 years ago
Ben has two options this weekend. He could work at his job and earn $10 per hour for three hours, or he could go to a concert fo
masya89 [10]

Answer:

The correct answer is: $60.

Explanation:

Opportunity Cost is what a person sacrifices when they choose one option over another. It is also defined as the revenue of the chosen option over the revenue of the option that was forgone. It represents what was left on the table for deciding taking one option over another.

In Ben's case, the opportunity cost of going to the event represents what he could have earned working for three hours (<em>$10 x 3 = $30</em>). However, as he will have to pay for the event, he will lose $30 for the event ticket. Then, the total opportunity cost of going to the event is:

$30 + $30 = $60

5 0
3 years ago
Which aspect do you think is most important for an entrepreneur in order to achieve venture capital? Why?
Vinvika [58]

Answer:

savings

Explanation:

Because as an entrepreneur u need to save for the business you are doing

4 0
3 years ago
Credit risk measures using the structural model: assume a company has the following characteristics.
Alexeev081 [22]

Answer:

a ) Probability of default of debt over the time to maturity is 12.92%

(b ) Expected loss: $39.53

(C ) Present value of expected loss is $45.59

Explanation:

a ) Probability of default of debt over the time to maturity is 12.92%

(b ) Expected loss: $39.53

(C ) Present value of expected loss is $45.59.

Values calculated as shown in my detailed step by step answer at the attachment.

please kindly refer to attachment.

4 0
3 years ago
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