Answer:
The given option "Referee's Deed " is the correct choice.
Step-by-step explanation:
- In judiciary foreclosed homes, the legal contract provides the individual who offers the maximum sum of cash at a foreclosure sale the possession including its foreclosed land.
- A Referee Deed has been used in foreclosure properties, which is what should be offered at such an exchange of either a new mortgage to something like the proposed price.
Other choices don't apply to a specific situation. So that the option here is just the required choice.