Multiple Choice
Choose the one most appropriate answer for each.
-the right of a borrower, after a foreclosure sale, to reclaim the property by repaying the defaulted loan
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
Q1: When a borrower gets behind on his
Q2: A lawsuit, filed by the lender, requesting
Q3: A power of sale in a mortgage
Q4: Which of the following claims against a
Q5: When a lender voluntarily takes a lower
Q7: When a loan evidenced by a note
Q8: Who benefits the most by the inclusion
Q9: Choose the one most appropriate answer for
Q10: Which lien would have highest priority?<br>A) Property
Q11: Choose the one most appropriate answer for