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Which of the following solutions is LEAST likely to be acceptable to a mortgagee when discussing...

Which of the following solutions is LEAST likely to be acceptable to a mortgagee when
discussing alternatives to foreclosing a property?
A) Permanently extending the amortization period
B) Finding someone else to assume the mortgage
C) Providing a temporary grace period during which principal and interest are not paid
D) Permanently reducing the interest rate

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Answer #1

D) Permanently reducing the interest rate.

A mortagagee may not accept the permanent reduction of interest rate while foreclosing a property.

But, he may accept the following alternatives:.

Permanently extending the amortization period.

Finding someone else to assume the mortgage

Providing a temporary grace period during which principal and interest are not paid.

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