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Which of the following correctly states the right of a borrower to reclaim a property by reimbursing an investor after a foreclosure sale in the state of Georgia.
How long is the redemption period after a foreclosure?
The legal process by which a borrower in default under a mortgage is depreived of his or her interest in the mortgaged property is ______
What is an assumption?
Which of the following would be the most reasonable purpose for a public auction?:
The mortgage is considered to be in _____ after the first 30 days of non payment
When do deeds of conveyence have to be recorded after closing?
What is typically used as collateral in a home loan?
Which of the following foreclosure is handled entirely under the auspices of the court and is treated as a civil lawsuit
Which type of bankruptcy is most commonly used?
Once a foreclosure sale is final, some states allow a borrower to reclaim a property after a foreclosure sale by reimbursing the investor who purchased the property at the sale. This right is known as the right of statutory redemption and:
The two parts to a loan are:
Which of the following is a late charge?
The lien that would usually be given highest priority in distributing funds from a foreclosure sale is:
What is a promissory note?