Crucial Exams

Multistate Bar Examination Practice Question

A borrower has defaulted on their mortgage payments, triggering the pre-foreclosure process. During this time, the borrower remains in possession of the property. What action is the borrower legally permitted to take?

  • Vacate the property as the lender now has full control.

  • Discontinue any maintenance or repairs on the property.

  • Sell the property to someone else without notifying the lender about the transaction.

  • Keep possession of the property and take reasonable steps to preserve its condition.

Multistate Bar Examination
Real Property
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