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04-05-2024
Business

Answered

Mary borrower's money from Truist to buy a house in the amount of $200,000. Mary is not able to make her payments and Truist forecloses on the house. The house is sold for $160,000. If Truist goes after Mary for the $40,000 what is the legal term for the amount that Truist is still owed.
O Foreclosure Judgment
O None of the above
O Deficiency Judgment
O Bankruptcy Judgment

Answer :

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