Question

In: Accounting

the foreclosure sale is usually conducted by the a. county sheriff orcourt appointed receiver b. judge...

the foreclosure sale is usually conducted by the
a. county sheriff orcourt appointed receiver
b. judge who issued the decree of judgement in which foreclosure was permitted
c. original seller or lender
d. buyer or current occupant

Solutions

Expert Solution

Option A is the answer

When the borrower fails to make payments, the lender attempts to recover the loan amount by making the sale of asset which was used as collateral. This process is called foreclosure. It is generally conducted by Local sheriff.

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