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Gary borrows $100,000 from Friendly First Federal to buy a home which secures the loan. Three years later Gary stops making payments on the loan.

Gary borrows $100,000 from Friendly First Federal to buy a home which secures the loan. Three years later Gary stops making payments on the loan. After Friendly First forecloses on the home and sells it to Mary, equity remains after the sale. The equity amount remaining belongs to

a. Gary.

b. Friendly First.

c. Mary.

d. the county government where the property is located.

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