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The answer selected is incorrect! A deed in lieu of foreclosure: Is unconstitutional Must entitle the mortgagor to a clean credit report. Must still be

image text in transcribedimage text in transcribed The answer selected is incorrect!

A deed in lieu of foreclosure: Is unconstitutional Must entitle the mortgagor to a clean credit report. Must still be followed by judicial proceedings. Is a quitclaim deed. E and R sign a mortgage agreement and note whereby E agrees to advance $45,000 to R in three installments if R requires them. E records the mortgage on June 1, 2015 and makes the first advance on August 1, 2015. R has failed to pay a mechanic, who filed a lien on July 27, 2015. The mechanic has priority E has priority Both share equal priority None of the above

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