asked 95.6k views
1 vote
Gena borrows $350,000 from fish island bank to buy a home, which secures the mortgage. in the seventh year of the loan, gena stops making payments. after the bank repossesses the property but before it is sold, gena may buy it by paying

a. an amount that equals the potential proceeds from the property's sale.
b. an amount that exceeds the potential proceeds from the property's sale.
c. the full amount of the debt, plus any interest and costs.
d. the amount of the missed payments, but not more.

2 Answers

6 votes
c the full amount brodie

4 votes
be an amount that exceeds the potential precedes from the property sale
answered
User Mattwad
by
8.2k points
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