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Failure to pay on a mortgage is called

Failure to pay on a mortgage is called
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Failure to pay on a mortgage is called

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User Michael Boselowitz
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2 Answers

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Answer:

Defualt

Step-by-step explanation:

answered
User Jerlam
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The failure to pay on a mortgage is default. Basically, the default is the failure to meet legal responsibilities in a contract, including the failure to pay back a loan. A mortgage is considered a default when a payment is late for 30 days or more. 
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User Zhang Bruce
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