The Hamiltons have a conventional mortgage loan with private mortgage insurance. They are now six months in default on the loan. In order to collect the monies due, the lender will have to initiate a a. judicialforeclosure. b. strict foreclosure. c. nonjudicialforeclosure. d. deed in lieu of foreclosure. Mary Sue has become delinquent on her FHA mortgage since her job was terminated, and she has had back surgery. FHA has determined that the delinquency was caused by circumstances beyond her control. It is most likely that the lender will a. forego foreclosure for a one-year period. b. recast the loan. c. place a moratorium on payments for one yea r. d. assign the loan to FHA. The bank has foreclosed on Jeremy's VA loan. The bank will receive a. the full amount of the balance due. b. the amount of the entitlement at the present time. c. the top portion of the outstanding balance d. immediate title to the property