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A property has a first mortgage of $200,000, a second mortgage of $50,000, and a third mortgage of $20,000. It is foreclosed and sold for
A property has a first mortgage of $200,000, a second mortgage of $50,000, and a third mortgage of $20,000. It is foreclosed and sold for $245,000. The holder of the third mortgage gets $_______ and the holder of the second mortgage receives $ _________.
$5,000, $40,000
0, $45,000
0, $50,000
$20,000,000, $20,000
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