Fredrick purchased a property worth $150,000 on mortgage. he had paid $30,000 as a down payment on this property. however, because of a recent slump in the real estate prices, the property is worth only $110,000, forcing fredrick to sell the property. assuming that no mortgage payments have been made by fredrick, this sale is termed a(an)
a. fixed mortgage sale
b. real estate short sale
c. real estate declining equity
d. shrinking principal sale
e. indexed equity
Answers: 3
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Fredrick purchased a property worth $150,000 on mortgage. he had paid $30,000 as a down payment on t...
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