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Steve stopped paying the recourse mortgage on his condominium at a time when he still owed $212,650. He originally purchased the condominium for $297,500. At
Steve stopped paying the recourse mortgage on his condominium at a time when he still owed $212,650. He originally purchased the condominium for $297,500. At the foreclosure sale, the condominium sold for $149,350. What is the amount of the deficiency?
a. $63,300
b. $84,850
c. $148,150
d. $212,650
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