What are foreclosure sales?

What will be an ideal response?


A debtor's default may trigger a legal action for foreclosure. Any party having an interest in the property, including owners of the property, and other mortgagees or lienholders, must be named as defendants. If the mortgagee's case is successful, the court will issue a judgment that orders the real property to be sold at a judicial sale. The procedures for a foreclosure action and sale are governed by state law. Any surplus must be paid to the mortgagor. All states permit foreclosure sales.

Business

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Identify the major reasons why new product failures occur

What will be an ideal response?

Business

According to your textbook, what was an early and very effective form of mass communication?

a. The Church b. The Fax c. The Internet d. The Industrial Revolution

Business

A strategic planning session begins with the examination/creation of the organization’s ___________.

a. mission, vision, and values b. pays scale and benefits c. policies and procedures d. hiring and benefits

Business

The President appoints federal judges with the advice and consent of the Senate

a. True b. False Indicate whether the statement is true or false

Business