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Olenka [21]
3 years ago
14

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
Social Studies
1 answer:
WARRIOR [948]3 years ago
8 0

Answer:

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.

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