Question
Alison owns a small home and has a mortgage with Everyday Bank with an outstanding balance of $150,000. She has missed her last 3 monthly
Alison owns a small home and has a mortgage with Everyday Bank with an outstanding balance of $150,000. She has missed her last 3 monthly mortgage payments and you have been unable to contact her by phone, e-mail and registered mail. You even visited the house and could see her inside but she refused to answer the door. Which of the following would be your next course of action to recover your mortgage funds?
Hire a bailiff to evict Alison from the property then sell it and recover your funds.
Hire a real estate agent to sell the home then ask the police to remove Alison once the home is sold.
Hire a lawyer to obtain a judgment against Alison then use the Judgment to have her evicted and sell the house.
Hire a private investigator to stake-out the home and when Alison leaves have them change the locks on the doors then sell the house.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started