Foreclosure is another word for the taking of possession of collateral.
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Q5: Unsecured credit requires collateral to protect the
Q12: The right to redeem foreclosed property can
Q13: A deed of trust is a three-party
Q14: If a borrower fails to repay the
Q15: An improperly recorded mortgage document is effective
Q16: The recording of a mortgage does not
Q19: Generally,a creditor would rather be a secured
Q20: In a mortgage,the owner-debtor is the mortgagor.
Q21: Which of the following is a three-party
Q22: When a debtor fails to pay a
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