Finance
In Kentucky, a deficiency judgment after foreclosure means:
AThe lender forgives the remaining balance
BThe lender can pursue the borrower for the remaining debt if the sale proceeds are insufficient✓ Correct
CThe borrower receives the excess proceeds from the sale
DThe property is returned to the borrower
Explanation
In Kentucky, if the foreclosure sale proceeds do not cover the full amount owed, the lender may obtain a deficiency judgment against the borrower for the remaining balance.
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