[Answered] The legal process whereby the lender can force the sale of real property because the buyer/borrower ...

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Author Question: The legal process whereby the lender can force the sale of real property because the buyer/borrower ... (Read 110 times)

CBme

Hero Member
Posts: 548

on: Aug 3, 2018

The legal process whereby the lender can force the sale of real property because the buyer/borrower has defaulted on the loan by failing to make mortgage payments, is:

a. Adverse possession
b. Escheat
c. Cloud on title
d. Foreclosure

Question 2

Mortgage lenders prefer judicial foreclosures because it is a relatively quick process:

a. True
b. False

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Anna

Sr. Member
Posts: 343

Reply #1 on: Aug 3, 2018

Answer to Question 1

D

Answer to Question 2

B

CBme

Hero Member
Posts: 548

Reply #2 on: Aug 3, 2018

Both answers were spot on, thank you once again

Anna

Sr. Member
Posts: 343

Reply #3 on: Aug 3, 2018

Great! Please up vote

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Author Question: The legal process whereby the lender can force the sale of real property because the buyer/borrower ... (Read 110 times)

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