NO.PZ2023090801000016
问题如下:
A real estate investor has obtained a recourse mortgage loan on a shopping center from a bank. The loan has an outstanding balance of USD7,000,000, while the property is valued at only USD5,000,000. In the event of a default on the loan, the bank has a claim on:
选项:
A.the property.
B.the borrower’s personal assets.
C.both the property and the borrower’s personal assets.
解释:
In a recourse loan, the lender has a claim against the borrower for the shortfall (deficiency) between the amount of the outstanding mortgage balance and the proceeds received from the sale of the property.
A is incorrect because in a non-recourse loan, the lender has a claim against only the property for any shortfall between the amount of the outstanding mortgage balance and the proceeds received from the sale of the property.
B is incorrect because mortgage lending entails a first lien and security interest in the property, which is the lender’s collateral.
题目是一个投资者从银行那边获得了一个商业购物中心的,然后问的是银行可以怎么办?