Final answer:
The mortgagor has no statutory redemption rights in a non-judicial foreclosure.
Step-by-step explanation:
The correct answer is b) Non-judicial foreclosure. In a non-judicial foreclosure, the sale of the mortgaged property does not involve a court proceeding. The mortgagee (lender) can sell the property without going through the court system, and the mortgagor (borrower) typically has no statutory redemption rights in this situation. On the other hand, in a judicial foreclosure (a), the foreclosure process is handled through the court system, and the mortgagor typically has a period of time to redeem the property by paying off the debt before the sale takes place. In a short sale (c), the mortgagor may be able to negotiate with the lender to sell the property for less than the amount owed, but it does not necessarily eliminate the mortgagor's statutory redemption rights. Similarly, in a loan modification (d), the terms of the mortgage are modified to make it more affordable for the mortgagor, but it also does not eliminate the mortgagor's statutory redemption rights.