11Real Estate Finance, Seventh Edition— Final ExamPlease use your answer sheet74. _______________ laws set a limitation on the amount recoverable as a money judgment for debts secured by real estate.
75. During a pre-foreclosure workout, when a mortgage holder accepts the net proceeds from an owner’s sale of their property in exchange for cancelling the unpaid mortgage balance, this is referred to as a:
76. When the carryback debt to a seller becomes secured by real estate other than the real estate sold, this is referred to as:a. subordination of security. c. release of security.b. exhaustion of security. d. substitution of security.
77. A lender or carryback seller may draw on a _______________ before or after a trustee’s sale without violating anti-deficiency statutes or the security first rule.
78. A provision authorizing a mortgage holder to call all amounts remaining unpaid due on a material default under the trust deed is referred to as a(n):