Homework Answers
Answer
Correct answer is:
A buyer of real property in default on the mortgage payments.
Explanation:
Late payment of property tax need not necessarily result in foreclosure. However non-payment of property tax may lead to foreclosure.
The foreclosure process begins when a borrower defaults on mortgage payment.
Payment of private mortgage payment does not result in foreclosure.
Hence option B is correct and other options A, C and D are incorrect.
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which of the following is subject to foreclosure
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