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Q2a. Define and distinguish between the terms: amortization, partial amortization, non- amortization and negative amortization. Q2b. Explain why the price obtained in a foreclosure sale

Q2a. Define and distinguish between the terms: amortization, partial amortization, non- amortization and negative amortization. Q2b. Explain why the price obtained in a foreclosure sale is always less than what the property could bring in a normal, non-distressed sale. (Chapter 9, Real Estate Finance) [10+10=20]

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