Question
Mafioso Bank loans Vito $90,000 to buy a home in Sicily, Florida. Vito suddenly and unexpectedly moves to Sicily, Italy while still owing $89,000 to
Mafioso Bank loans Vito $90,000 to buy a home in Sicily, Florida. Vito suddenly and unexpectedly moves to Sicily, Italy while still owing $89,000 to the bank. The bank may take possession and auction off the property securing the loan. This is
b. A forebearance.
c. A short sale.
d. A foreclosure.
Midway Airport files a Complaint against Northeast Airlines for breach of contract. Midway knows Northeast has been losing money and is concerned Northeast Airlines will sell it's airplanes before the judgment. Midways best option for preventing the sale of Northeast's airplanes is Select one:
a. A writ of execution.
b. A writ of certiorari
c. A writ of attachment.
Nick Cage, in need of extra money, paints Sandra's house. Sadly, he does a bad job and she refuses to pay. Nick places a lien on her home. This means
a. he can foreclose on her house.
b. he can wait until Sandra sells her house to collect his money.
c. Both A and B.
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