medium · National Real Estate Exam financing
A borrower's home is sold at a foreclosure auction for $210,000. The outstanding loan balance is $245,000, and the costs of the sale total $5,000.
If the lender receives a personal judgment for the shortfall, what is the amount of that deficiency judgment?
- $250,000
- $40,000
- $35,000
- $30,000
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