1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilya [14]
2 years ago
5

quizlet When a borrower defaults on a mortgage, which one of the following statements does NOT apply? The property will be sold

by the sheriff at public auction The highest bidder will receive a deed and occupancy at the time of the sale If the proceeds of the sheriff's sale do not cover the judgment debt owed by the mortgagor, the mortgagee may sue to obtain a deficiency judgment if the transaction is not exempt under the anti-deficiency rules If the proceeds received were not enough to pay off the debt, the defaulting borrower has a one year statutory right of redemption after the sale date
Business
1 answer:
ohaa [14]2 years ago
8 0

power of sale clause

What is borrower defaults?

Any default under or breach of any such agreement or instrument is referred to as a borrower default. This includes any default or event of default as defined in any agreement or instrument evidencing, governing, or issued in connection with lender Indebtedness, including but not limited to the Credit Agreement. Any situation or event that, upon giving notice, passing of time, or both, would, unless corrected or waived, become a borrower event of default is referred to as a borrower default. If the borrower fails to pay back any advances when they are due or if legal action is taken to appoint a receiver, trustee, liquidator, or custodian of the borrower or of all or a major portion of it, a borrower default is said to have taken place.

Learn more about borrower defaults with the help of given link:-

brainly.com/question/25662015

#SPJ4

You might be interested in
When goods are produced at the lowest possible cost, an economy is said to have achieved:?
kondor19780726 [428]
When goods are produced at the lowest possible cost an economy is said to have achieved?
Answer: production efficiency
4 0
3 years ago
How might a technology company like apple ensure that it behaves in a socially responsible way toward its customers? by protecti
Serhud [2]

The correct answer is the first option. By protecting the privacy of personal information collected on its website a company like apple would be behaving in a socially responsible way towards its customers. Technology companies like apple have a responsibility to protect the personal information of its customers, if this wasn't the case then people would not buy their products as they would not have any faith in the company.

7 0
3 years ago
Read 2 more answers
Turkey Corp., a cash basis calendar year C corporation in Savannah, Georgia, has $100,000 of accounts receivable on the date of
Viefleur [7K]

Answer:

The correct answer is $24,500.

Explanation:

According to the scenario, the given data are as follows:

Total Account receivable = $100,000

Amount collected = $70,000

So, if there is sufficient taxable income, then assume tax rate to be 35%.

So, we can calculate the Gains tax by using following formula:

Gain tax = Amount collected × Tax rate

By putting the value, we get

Gain tax = $70,000 × 35%

= $24,500.

5 0
3 years ago
There is no evidence that giving (blank) to your children makes them hyperactive.
tatiyna
I think its Sugar because that usually what people are talking about when dealing with children.
6 0
3 years ago
Read 2 more answers
A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances B
iVinArrow [24]

Answer:

$56,000

Explanation:

Given the above information, we will calculate first the total cash flow.

Total cash flow = Opening cash receivable + Sales - Ending cash receivables

= $196,000 + $880,000 - $226,000

= $850,000

Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement

= $146,000 + $850,000 - $940,000

= $56,000

6 0
2 years ago
Other questions:
  • On march 12, masterson company, inc. sold merchandise in the amount of $7,800 to forsythe company, with credit terms of 2/10, n/
    7·1 answer
  • The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March: Corporate headqu
    6·1 answer
  • Alice owns land with an adjusted basis of $610,000 subject to a mortgage of $350,000. On April 1, Alice sells her land subject t
    7·1 answer
  • What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,9
    8·1 answer
  • Celine has an unwavering belief in her new start-up company. She possesses intense focus and takes un-conventional risks to make
    11·1 answer
  • What are examples of people creating intellectual property? Check all that apply.
    13·1 answer
  • Which of the following methods seeks to effect positive change in processes and organizations by using a set of practical tools
    13·1 answer
  • What is the key to getting your message across?
    12·1 answer
  • Blue Spruce University sells 4,500 season basketball tickets at $140 each for its 12-game home schedule. Give the entry to recor
    15·1 answer
  • An uber ride is considered a ________ because of its intangible nature.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!