11. Which is not true of the pre-foreclosure process? (LO 8-4) a. A bank will foreclose on...

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11. Which is not true of the pre-foreclosure process?

(LO 8-4)

a. A bank will foreclose on a property following a first-time late payment.

b. The bank will send you a demand letter using the acceleration clause.

c. The bank will demand full repayment of the loan amount.

d. If you are able to pay the past-due amount with interest, the lender may reinstate the original terms of the loan.

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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Question Posted: Jul 26, 2024 04:01 AM

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11. Which is not true of the pre-foreclosure process? (LO 8-4) a. A bank will foreclose on...

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Personal Finance Building Your Future

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