If a lender is not paid and they take the collateral that secured the loan, this is called

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asked Sep 16, 2020 126k views

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Froi · Answer 1 · 2020-09-20T18:28:48+0000

Answer:

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

Step-by-step explanation:

If a lender is not paid and they take the collateral that secured the loan, this is called

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