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How can a second mortgagee preserve their position if there is a default on the first mortgage? ___ a. buy out the first mortgage b.

How can a second mortgagee preserve their position if there is a default on the first mortgage? ___

a. buy out the first mortgage

b. petition for an involuntary liquidation before any other creditors

c. file a caveat emptor motion

d. begin a foreclosure before any other creditors

e. none of the above

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