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mib1990 mib1990
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7 years ago
In an equal footing state, property owner O owes the following: 160,000 - Mortgage Lender, recorded January 1, 2014 40,000 - Foundation company, began construction December 30, 2012 50,000 - Framing company, did framing January 31, 2013 Property owner O has sold the property and there is 160,000 left to be distributed. How should this amount be distributed?
 A) 160/250, 40/250, and 50/250 x 160,000
 B) 40/250 and 50/250 x 160,000 with mortgage company taking nothing
 C) 160,000 to the mortgage lender
 D) None of the above
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csaenz4csaenz4
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7 years ago
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