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If a lender is not paid and the collateral that secured the loan is taken, this is called _____. 1)garnishment 2)bankruptcy 3)foreclosure 4)repossession

If a lender is not paid and the collateral that secured the loan is taken, this is called _____. 1)garnishment 2)bankruptcy 3)foreclosure 4)repossession
asked 121k views
1 vote
If a lender is not paid and the collateral that secured the loan is taken, this is called _____.

1)garnishment
2)bankruptcy
3)foreclosure
4)repossession

asked
User Jeremy Brown
by
8.7k points

2 Answers

6 votes

The answer to your question is Foreclosure. :)

Hope this helps!!! :) Have a great thhanksgiving and heres a turkey.

answered
User Iwo Kucharski
by
8.0k points
2 votes

The answer to your question is Foreclosure. I'm in real estate so I know its correct.

answered
User Walid Bousseta
by
8.7k points
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