The CE Shop » Sales License » CA Real Estate Finance Course » 2021

Question #1

In a judicial foreclosure, if a deficiency judgment will be sought, how soon after the Notice of Levy is recorded can the Notice of Sale be issued?

A. 60 days

B. 30 days

C. 120 days

D. 20 days

Question #2

In a judicial foreclosure, how long does the borrower’s redemption period last if a deficiency judgment isn’t being sought?

A. 30 days

B. One year

C. There is no redemption period

D. Three months

Question #3

In the non-judicial foreclosure process, when does a borrower’s reinstatement period begin and end?

A. It begins when the Notice of Sale is filed and ends five days before the trustee's sale occurs.

B. It begins when the Notice of Default is filed and ends five days after the trustee's sale occurs.

C. It begins when the Notice of Default is filed and ends when the trustee's sale occurs.

D. It begins when the Notice of Default is filed and ends five days before the trustee's sale occurs.

Question #4

Recording of this item officially begins the non-judicial foreclosure process.

A. Notice of Sale

B. Notice of Default

C. Notice of Levy

D. Notice of Delinquency