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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

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Answer:

The correct answer is option B.

Explanation:

A firm sells a product in a purely competitive market.

The marginal cost of the product at the current output of 200 units is $4.00.

The average variable cost is $3.50.

The market price of the product is $3.00.

The market price is not covering the average variable cost. In this situation, the firm must be incurring losses. To minimize losses the firm should produce less than 1,000 units at the point where marginal cost is equal to market price and the average variable cost is being covered.

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Don kosec, vp of business services for time warner cable in northeast ohio says that their goal is to increase their sales in th
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Ramona Company has the following labor-related data.Standard labor hours for output: 15,000 hoursStandard labor rate: $10 per ho
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