(Answered) : Alice purchases a home for $150,000. She borrows $100,000 from Local Bank, using the house as collateral, and giving the bank a

Alice purchases a home for $150,000. She borrows $100,000 from Local Bank, using the house as collateral, and giving the bank a mortgage. The representative of Local Bank forgets to record the mortgage. Alice sells the house to Bill after Bill reviews records but finds no mortgage on the
property. Alice does not tell him about the loan from the bank, and leaves town soon after

receiving the purchase money from Bill. Alice does not pay Local Bank the remaining loan balance of her loan. Which of the following is true?

A) Local Bank can foreclose on the property only if it can