Davis defaulted on his mortgage and the lender began foreclosure proceedings. At the foreclosure sale Davis's house was sold for
$115,000 while the unpaid balance of the loan was $121,000. What can the lender do about the $6,000 difference? a. Sue for specific performance
b. Sue for injunctive relief
c. Sue for monetary damages
d. Sue for a deficiency judgment
The lender can present a sue for deficiency judgement. The correct option to answer your question is "option a - Sue for a deficiency judgement"
Explanation:
A sue for a deficiency judgment in real estate means an unsafe money judgment against a borrower, in this case, is Davis whom mortgage foreclosure sale did not cover the complete balance of the loan.
Anti-federalists are in opposition to the U.S. Constitution. On the other hand, federalists are those who favor the Constitution and prefer the strong federal government.
