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George obtains a non-recourse mortgage loan for $800,000 from ABC Bank. Two years later, when the outstanding balance of the mortgage is $780,000, George cannot

George obtains a non-recourse mortgage loan for $800,000 from ABC Bank. Two years later, when the outstanding balance of the mortgage is $780,000, George cannot make his mortgage payments and defaults on the loan. The lender forecloses on the loan and sells the house for $715,000. 



What amount is the lender entitled to claim from George?

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