Ali and Latosha bought a house through a mortgage they secured from their local bank.When they failed to make their mortgage payments,the bank used ________ to foreclose on the property and sell it.

Question

​Ali and Latosha bought a house through a mortgage they secured from their local bank.When they failed to make their mortgage payments,the bank used ________ to foreclose on the property and sell it.

Quizplus · Accepted Answer

A lien is a legal claim on a property, which allows the holder of the lien to seize and sell the property in the event of non-payment or default. In this case, the bank would have placed a lien on Ali and Latosha's property as security for the mortgage they provided. When the couple failed to make their payments, the bank used their lien to foreclose on the property and sell it.

​Ali and Latosha Bought a House Through a Mortgage They

Ali and Latosha Bought a House Through a Mortgage They