Question

In a foreclosure sale, what kind of deed does the mortgagor receive? select one:

Answer 1

In a foreclosure sale, the kind of deed does the mortgagor receives is " "Quitclaim deed" (Option C)

What is a Quitclaim Deed?

In general, a Quitclaim is is a formal waiver of a legal action against another person or a right to land. A person who gives up a right gives up a legal right or gives up a legal right or transfers a legal interest to a land.

What is a foreclosure?

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped paying the lender by forcing the sale of the asset used as collateral for the loan.

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