B. The rise of the Roman Empire
A common finanical benefit of home ownership is: a. inrcreased property value
The benefit received from paying less for a good than the maximum amount that the person is willing to pay for it. Thus, if a person is willing to pay up to $3 for something, but the market price is $1, then the net economic benefit for that item is $2.
Answer: Judicial foreclosure
Explanation: Judicial foreclosure can also be called foreclosure by judicial sale. Judicial foreclosure involves the supervision of a court in the process of selling a mortgaged property.
In this scenario, the lender embark on a judicial foreclosure by filing a lawsuit to a court against the borrower to pay a mortgage debt for certain period of time or the lender take over the property.
Then, all parties involved are notified by the court for the foreclosure, albeit requirements for notification varies from state to state.
