If a debtor defaults on a mortgage loan on a parcel of real property, the creditor, often a bank or mortgage company, must commence a legal proceeding against the debtor called a(n) ________

Fill in the blank(s) with correct word


foreclosure

Legal Studies & Paralegal

You might also like to view...

The ABA Standing Committee on Paralegals revised the ABA's Model Guidelines for the Utilization of Legal Assistants Services by basing them on the ABA's Model Rules of Professional Conduct in:

a. 2000 b. 2003 c. 1980 d. 1991

Legal Studies & Paralegal

State laws that govern the sale or transfer of securities within the state are known as blue-sky laws

a. True b. False

Legal Studies & Paralegal

What is a written order that is based on probable cause, issued by a judge or magistrate, and commands that the person named on it be arrested by the police?

a. A search warrant b. An arrest warrant c. An indictment d. A complaint

Legal Studies & Paralegal

What is the difference between abatement and ademption?

What will be an ideal response?

Legal Studies & Paralegal