Question

This clause found in a mortgage ensures that the borrower will maintain clear title on the property in the event the bank is forced to foreclose...? Alienation clause Marketable title clause Acceleration clause Defeasance clause

Answer 1

Answer: Marketable title clause

Explanation:

Marketable title clause is a clause that is found in a mortgage which ensures that the borrower will maintain clear title on the property in the event the bank is forced to foreclose.

A marketable title is a title that can be given to a new owner and it should be noted that there's no likelihood that another party will make claims on it.