First mortgage, A: $250,000

Second mortgage, B: $40,000

Third mortgage, C: $10,000

The current value of the property is $297,000

What is the lowest bid that mortgagee A should make for the property at a foreclosure sale ?

(answer is 250,000. need help with work though!!!!)

pt.2) If B chooses to bid up to $295,000, how much cash does mortgagee B need to raise if B agrees to keep A's lien alive?

(answer is 5,000 need help with work though!!!)