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Jade purchased a strip mall for $1.25 million using a 15-year loan and $150,000 down. The current loan balance is $280,000 and carries PMI to

Jade purchased a strip mall for $1.25 million using a 15-year loan and $150,000 down. The current loan balance is $280,000 and carries PMI to cover up to 20% of any loss. If the lender forecloses on the property and nets $228,000 on the foreclosure sale, what would be the lender's uncovered loss on the loan. $56,000 $52.000 OSO $25.200 515.000

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