# Hello, I am having a hard time understanding how to answer this questions as my book nor the internet provides any info regarding the matter:

Hello, I am having a hard time understanding how to answer this questions as my book nor the internet provides any info regarding the matter:

Suppose that you are a lender and that you have issued a loan on a private residence in Pennsylvania. The borrower has defaulted on this mortgage and you have invoked the acceleration clause. The OMB, including accrued fees, is \$319,000. There is also a property tax lien of \$7,500 and a workman’s lien of \$4,300 on the property.

What are the formulas I need to find out how much I would be able to recover by selling the property for \$327,500 ? I do not want you to give me the result, simply what the calculations are to find that out

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# Hello, I am having a hard time understanding how to answer this questions as my book nor the internet provides any info regarding the matter:

Hello, I am having a hard time understanding how to answer this questions as my book nor the internet provides any info regarding the matter:

Suppose that you are a lender and that you have issued a loan on a private residence in Pennsylvania. The borrower has defaulted on this mortgage and you have invoked the acceleration clause. The OMB, including accrued fees, is \$319,000. There is also a property tax lien of \$7,500 and a workman’s lien of \$4,300 on the property.

What are the formulas I need to find out how much I would be able to recover by selling the property for \$327,500 ? I do not want you to give me the result, simply what the calculations are to find that out

### Get 20% discount on this paper. Use coupon: GET20

Posted in Uncategorized