Gena borrows $350,000 from Fish Island Bank to buy a home, which secures the mortgage. In the seventh year of the loan, Gena stops making payments. After the bank repossesses the property but before it is sold, Gena may buy it by paying
a. an amount that equals the potential proceeds from the property's sale.
b. an amount that exceeds the potential proceeds from the property's sale.
c. the amount of the missed payments, but not more.
d. the full amount of the debt, plus any interest and costs.
d
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Which of the following is NOT true about demographics?
A) Demographics are quantifiable characteristics about consumers. B) Demographic data are particularly easy to obtain and useful for statistical analysis. C) Marketers can often categorize consumers along a number of factors. D) Businesses can be classified demographically. E) Demographic information focuses on consumers' values, attitudes and lifestyles.
In an investment center, the manager has the responsibility for and the authority to make decisions that affect:
A) the assets invested in the center, but not costs and revenues B) costs and assets invested in the center, but not revenues C) both costs and revenues for the department or division D) not only costs and revenues, but also assets invested in the center
Compensating balances to be maintained with the bank decrease the effective rate on a loan.
Answer the following statement true (T) or false (F)
When problems are passed on to the next level of the organization, the price of service goes up.
Answer the following statement true (T) or false (F)