1 answer

Which of the following is subject to foreclosure No gain or loss. Mark for follow up...

Question:

which of the following is subject to foreclosure
No gain or loss. Mark for follow up Question 43 of 75. Which of the following is subject to foreclosure? O O A buyer of real
No gain or loss. Mark for follow up Question 43 of 75. Which of the following is subject to foreclosure? O O A buyer of real property who is late on property tax payments. A buyer of real property in default on the mortgage payments. A buyer of real property who pays private mortgage insurance. A seller of real property who is late in turning over the property to the buyer. O Mark for follow up uestion 44 of 75. in the judicial foreclosure process EXCEPT

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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