To purchase a house,Clyde obtains a mortgage loan from Debit Bank.Clyde defaults on the payments on the loan.The bank has
A) the right to foreclose on the mortgaged property.
B) the obligation to forbear part or all of the payments for a limited time.
C) the obligation to refinance the loan.
D) the right to reimbursement from an insurer for the unpaid debt.
Correct Answer:
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