12-41.In which action,should the property be expropriated by a government authority,can the lender claim the proceeds from the action to satisfy the debt?

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Eminent domain is the power of the government to take private property for public use. In such a scenario, the government authority expropriates the property and pays the property owner fair compensation. If the property was secured for a loan, the lender can claim the proceeds from the eminent domain action to satisfy the debt.

12-41In Which Action,should the Property Be Expropriated by a Government