Problem:

Central Texas Bank holds a mortgage on Denise's property. Denise defaults on the debt. The bank forecloses. If the proceeds of the foreclosure sale are insufficient to pay the costs of the sale and the debt, the bank can : (circle or bold one of the choices below)

a. obtain a deficiency judgment against Denise.

b. prorate the costs to its other debtors.

c. reclaim the property as a voidable transfer.

d. use the equity of redemption to redeem the property.

Solve the problem and show all work.