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The proceeds from a foreclosure are paid out in which order? Question 4 options: a) Balance owed on senior mortgage, balance owed on the junior
The proceeds from a foreclosure are paid out in which order? Question 4 options: a) Balance owed on senior mortgage, balance owed on the junior mortgage, costs of sale, debtor. b) Costs of sale, balance owed on senior mortgage, balance owed on the junior mortgage, debtor. c) Balance owed on senior mortgage, costs of sale, balance owed on the junior mortgage, debtor. d) Balance owed on the junior mortgage, balance owed on senior mortgage, costs of sale, debtor
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