Multiple Choice
Choose the one most appropriate answer for each.
-one who gives a mortgage;the borrower
A) acceleration clause
B) alienation clause
C) assumption
D) chattel mortgage
E) deed of trust
F) defeasance clause
G) deficiency judgment
H) equitable mortgage
I) equity of redemption
J) first mortgage
K) foreclosure
L) junior mortgage
M) mortgage
N) mortgagor
O) partial release
P) power of sale
Q) promissory note
R) public auction
S) subject to
T) subordination
Correct Answer:

Verified
Correct Answer:
Verified
Q48: When a property sells at a foreclosure
Q49: A mortgagee allows a clause in his
Q50: The right, which allows the mortgagor to
Q51: A clause that allows the lender to
Q52: A second mortgage is<br>A) a seller's lien.<br>B)
Q54: At the same time that a lawsuit
Q55: A property is sold and the buyer
Q56: A borrower who wanted to make a
Q57: Provisions for the defeat of a mortgage
Q58: A(n)_ foreclosure does not go to court