If the borrower fails to make the contractual mortgage payments on a non-recourse mortgage, the lender: A.

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If the borrower fails to make the contractual mortgage payments on a non-recourse mortgage, the lender:

A. Cannot foreclose the property.

B. Can recover the outstanding mortgage balance only through the sale of the property.

C. Can recover the outstanding mortgage balance through the sale of the property and the borrower’s other assets and/or income.

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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Question Posted: Nov 04, 2023 11:08 PM

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If the borrower fails to make the contractual mortgage payments on a non-recourse mortgage, the lender: A.

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B is correct In the case of a nonrecourse mortgage ...View the full answer

Fixed Income Analysis

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