Jayleen's duplex sold at a foreclosure auction for $280,000. At the time of foreclosure, she...
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Accounting
Jayleen's duplex sold at a foreclosure auction for $280,000. At the time of foreclosure, she had not made any payments to the bank for 11 months ($2,400 each). The outstanding balance of her mortgage was $394,000. What is the amount of the deficiency?
$26,400
$87,600
$114,000
$140,400
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