If a party in interest to a mortgage wishes to exercise his right of redemption in a foreclosure sale,he must ________.
A) attend the foreclosure sale and pay the purchaser an equity fee
B) act before the foreclosure sale
C) pay the purchaser the amount the purchaser paid plus interest up to the time of redemption if he exercises his right of redemption after the foreclosure sale
D) secure a co-signer to guarantee the mortgage loan
Correct Answer:
Verified
Q68: Marie wants to buy Ted's farm.She agrees
Q69: Bob borrowed $200,000 from ABC Bank to
Q70: A(n)_ is an installment contract for the
Q71: In the case of _,the right must
Q72: What Article of the UCC deals with
Q74: Courts today view a mortgage as:
A)a lien
Q75: In a(n)_ transaction,the borrower keeps the title
Q76: Marie wants to buy Ted's farm.She agrees
Q77: When a creditor keeps property in satisfaction
Q78: Under which of the following systems of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents