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A second mortgagee a)has an absolute right to take title upon the mortgagor's default. b)cannot take possession of a property in default. c)has the ability
A second mortgagee
a)has an absolute right to take title upon the mortgagor's default.
b)cannot take possession of a property in default.
c)has the ability to take title on default subject to repaying the amount owed to the first mortgagee.
d)has the same rights as the first mortgagee.
e)has no legal recourse if the mortgagor defaults.
which one of these would be correct?
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