The process by which a lender uses the secured property to satisfy a debt in default is called:

Name: The process by which a lender uses the secured property to satisfy a debt in default is called:
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The process of using the secured property to satisfy a debt in default is known as foreclosure. The lender can take possession of the property or sell it to recover the outstanding amount owed by the borrower. Choices A, B, C, and D are not related to this specific process.

The Process by Which a Lender Uses the Secured Property