## Answers

**Answer**

**Correct answer is:**

**A buyer of real property in default on the mortgage payments.**

Explanation:

Late payment of property tax need not necessarily result in foreclosure. However non-payment of property tax may lead to foreclosure.

The foreclosure process begins when a borrower defaults on mortgage payment.

Payment of private mortgage payment does not result in foreclosure.

Hence option B is correct and other options A, C and D are incorrect.

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