Foreclosure Quiz- not final
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Question 1 of 8
1. Question
How many types of foreclosure processes are available?
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Question 2 of 8
2. Question
Which of the following is NOT a foreclosure processed mortgage liens?
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Question 3 of 8
3. Question
If the owner doesn’t pay off the debt owed to the creditor, the security interest allows the creditor to force the property to be sold so that the creditor can collect the debt out of the sale proceeds, is known as which of the following:
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Question 4 of 8
4. Question
What is the foreclosure process under a judicial foreclosure?
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Question 5 of 8
5. Question
Are there any alternatives instead of a foreclosure?
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Question 6 of 8
6. Question
The right to reclaim a property that has been foreclosed by paying off amounts owed to creditors is known as:
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Question 7 of 8
7. Question
During the public sale process, proceeds of the sale are applied to real estate taxes, lienholder’s claims, and cost of sale. Where, if any, do the remaining funds go?
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Question 8 of 8
8. Question
Which type of forclosure is handled as a civil lawsuit and conducted entirely under the courts
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