In many states,if foreclosure and auction does not produce enough money to satisfy the debt owed by the mortgagor,the creditor-mortgagee can still sue the debtor for the balance owed,called a(n)______.
A) collateral
B) deficiency
C) attachment
D) perfection
E) accession

Question

Quizplus · Accepted Answer

In many states, if foreclosure and auction does not produce enough money to satisfy the debt owed by the mortgagor, the creditor-mortgagee can still sue the debtor for the balance owed, called a deficiency.

In Many States,if Foreclosure and Auction Does Not Produce Enough