For your own state, determine whether: a. It is a judicial or non-judicial foreclosure state. b. The

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For your own state, determine whether:

a. It is a judicial or non-judicial foreclosure state.

b. The standard home loan is based on a deed of trust or a mortgage.

c. There is a statutory right of redemption, and, if so, how long.

d. Deficiency judgments are allowed against defaulted homeowners.

Based on this information can you judge your state is relatively debtor friendly or borrower friendly

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Real Estate Principles A Value Approach

ISBN: 978-0077836368

5th edition

Authors: David C Ling, Wayne Archer

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Question Posted: Feb 07, 2020 09:55 AM

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For your own state, determine whether: a. It is a judicial or non-judicial foreclosure state. b. The

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In the United States a In a judicial foreclosure state the lender must file a lawsuit in court to fo...View the full answer

Real Estate Principles A Value Approach

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