A哪里incorrect？

问题如下：

Which of the following descriptions regarding recourse loan is most likely incorrect?

选项：

The lender can only depend on the sales of property to recover the outstanding mortgage balance.

The lender has a claim against the borrower for the shortfall between the amount of the mortgage balance outstanding and the proceeds received from the sale of the property.

The strategic default is less likely to occur under the recourse loan.

解释：

A is correct.

A mortgage can be a recourse loan or a non-recourse loan. When the borrower failed to make the contractual loan payments, the recourse loan can let the lender have a claim against the borrower for the shortfall between the amount of the outstanding mortgage balance and the proceeds received from the sale of property.

A non-recourse loan only depend on the property to recover the outstanding mortgage balance when the borrower failed to make the contractual loan payments.

A strategic default is a negative consequence for the borrower. And in countries where residential mortgages are recourse loans, a strategic default is less likely occured.

考点： recourse loan

解析：战略违约指的是主动选择违约。如果有追索权的贷款，房主选择主动违约是不划算的。C选项：战略违约不可能发生在有追索权的贷款情况下，因此是正确的。