Answer:
$8200
Explanation:
B owes $145,000 on her mortgage loan and back property taxes of $5,400. The bank foreclosed on the property, selling it for $140,000 at a sheriff’s sale. The costs associated with the proceeding were $1,200. If the bank wants to recover the balance of what B owes, it can
We will add the cost of the property and the tax on the property as the outstanding which B owes in total. The banks sale on the property can be added to the cost of filling for court proceedings. We subtract that from the total cost of the house initially
if B owes=145000
and property tax is 5400
145000+5400-(140000+1200)
$8200
