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? a. There would be a surplus, which would go to the beneficiary
b. There would be a surplus, which would go to the trustor
c. There would be a surplus, which would go to the trustee
d. The beneficiary of the second trust deed could initiate court action for a deficiency against the trustor

Option C, there would be a surplus, which would go to the trustee, is the right answer.

Explanation:

The property sold at a price = $160800

The fees and court cost = $1600

First deed amount = $156500

Second deed amount = $2000

Total costing = 1600 + 156500 + 2000 = $160100

Since the selling amount is greater than the cost amount. Thus, there will be surplus to the trustee. So, Option c is correct.

support your answer using the data presented. (5 points). 4. based on the information you used to schedule and curve, which product would you recommend the shoe hut focus on, and why? provide details that support your answer. (5 points).

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%