What is the risk to a lender who accepts a deed in lieu of foreclosure?
a) There must be a foreclosure to make the deed valid
b) A deed in lieu of foreclosure is considered illegal
c) The original borrower may be represented by a lawyer.
d) They would accept the deed subject to any junior liens.
Answer: d) They would accept the deed subject to any junior liens.
Business
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The personal needs of the retailer during the early, unprofitable stage of business are paid through _____
a. a bank credit plan b. life insurance loans c. personal savings d. a personal drawing account
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When the smoothing constant ? = 0, the exponential smoothing model is equivalent to the naïve forecasting model
Indicate whether the statement is true or false
Business