1. The type of mortgages that allow older homeowners to draw equity out of their residence are called what?
1) a conventional loan
2) a reverse mortgage
3) a purchase money mortgage
4) a package mortgage
2. After a foreclosure, if all funds have not been recovered, the bank may seek which of the following to collect the remaining funds?
1) a non-judicial foreclosure
2) a power of sale
3) a nonlitigious responses to default
4) a deficiency judgement