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Author Question: In an assumption, the buyer is personally liable to the mortgagee. Indicate whether the statement ... (Read 60 times)

Jramos095

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on: Jun 24, 2018
In an assumption, the buyer is personally liable to the mortgagee.
  Indicate whether the statement is true or false

Question 2

A state has just passed a statute that eliminates the hearing required before a mortgage foreclosure sale. Are there any problems with such a statute?


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CharlieArnold

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

The statute violates the constitutional protections of due process. A state law cannot take away the constitutionally given rights.


Jramos095

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

komodo7

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Reply 3 on: Yesterday
:D TYSM

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