Question
. In the event of the bankruptcy of a mortgagor, an improperly or unrecorded mortgage will ______. a. still have preference over mortgages recorded later
. In the event of the bankruptcy of a mortgagor, an improperly or unrecorded mortgage will ______.
a. still have preference over mortgages recorded later
b. be uncollectible
c. be considered an unsecured debt
d. likely cause a claim to be filed against the previous owner
e. none of the above
4. In the event of the bankruptcy of a mortgagee, an improperly or unrecorded mortgage will _________
a. still have preference over mortgages recorded later
b. be uncollectible
c. be considered an unsecured debt
d. likely cause a claim to be filed against the FDIC
e. none of the above
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