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Business, 31.10.2019 00:31 hanacat6174

When a borrower defaults on the payment requirements of a loan, there are several options that the lender has at its disposal. when the lender allows the borrower simply to convey the property to the lender rather than pursue a court-supervised process of terminating all of the borrower's claims of ownership of the property, this is commonly referred to as - deed in lieu of foreclosure. - foreclosure. - equity right of redemption. - bankruptcy.

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