Advise jada of the bank obligations

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Problem 1: Bendigo Bank - having met their various obligations - proceed to exercise their power of sale over the property. The property market is sluggish, and there are few interested buyers. After three months, they receive an offer of $650,000 for the property. Jada thinks this price is too low and wants the bank to hold out for a higher price. Advise Jada of the bank's obligations and her entitlement to any of the proceeds of the sale.

Reference no: EM132689846

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