EstatePass
USTmedium11% of exam

Under California's Homeowner Bill of Rights, 'dual tracking' refers to:

Correct Answer

B) Pursuing foreclosure while a loan modification application is pending

Dual tracking is the prohibited practice of pursuing foreclosure proceedings while simultaneously reviewing a borrower's loan modification application.

Answer Options
A
Having two mortgages on the same property
B
Pursuing foreclosure while a loan modification application is pending
C
Recording two liens simultaneously
D
Tracking payments from two different borrowers

Why This Is the Correct Answer

Dual tracking is the prohibited practice of pursuing foreclosure proceedings while simultaneously reviewing a borrower's loan modification application.

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing