Finance
In Idaho, a deficiency judgment after foreclosure means:
AThe lender gets the property plus damages
BIf the foreclosure sale proceeds are less than the debt, the lender can sue the borrower for the difference✓ Correct
CThe property is returned to the borrower
DAll mortgage debt is forgiven
Explanation
A deficiency judgment allows the lender to sue the borrower for any balance remaining after the foreclosure sale proceeds fail to cover the outstanding debt. Idaho law has specific rules about when deficiency judgments are allowed.
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