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You purchased a $400,000 house with 30% down. The balance on the loan at foreclosure was $240,000 and the foreclosure sale netted $200,000. How much

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You purchased a $400,000 house with 30% down. The balance on the loan at foreclosure was $240,000 and the foreclosure sale netted $200,000. How much money did the bank lose if your mortgage had no mortgage insurance? $175,000 O $40,000 O $160,000 $0 $20,000

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