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Which judicial foreclosure proceeds are distributed

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Reference no: EM133458849

Questions

1. What is a foreclosure?

2. What is the purpose of an acceleration clause?

3. How does a party satisfy their obligations to omitted junior lienholders?

4. What is the order in which judicial foreclosure proceeds are distributed?

5. What is a strict foreclosure?

6. How does a power-of-sale foreclosure differ from a judicial foreclosure?

7. What are the two forms of redemption?

8. When is an action for deficiency judgment initiated?

9. What are the differences between a voluntary and involuntary petition for bankruptcy?

10. Outline the process, and list the forms used for filing bankruptcy.

Reference no: EM133458849

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