Business, 14.02.2020 03:04 AdiGirlBrainly
At a trustee's sale, a property was sold for $160,800. The fees and court costs amounted to $1,600. The property was encumbered with a first deed of trust in the amount of $156,500 and a second deed of trust in the amount of $2,000. Which of the following is correct?
There would be a surplus, which would go to the beneficiary
There would be a surplus, which would go to the trustor
There would be a surplus, which would go to the trustee
The beneficiary of the second trust deed could initiate court action for a deficiency against the trustor
Answers: 1
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At a trustee's sale, a property was sold for $160,800. The fees and court costs amounted to $1,600....
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