Foreclosure is the postponement,for a limited time,of part or all of the payments on a loan in jeopardy of repossession and sale.

Name: Foreclosure is the postponement,for a limited time,of part or all of the payments on a loan in jeopardy of repossession and sale.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

Foreclosure is the legal process by which a lender takes possession of a property when the borrower fails to make mortgage payments, not a postponement of payments.

Foreclosure Is the Postponement,for a Limited Time,of Part or All