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Failure to pay on mortgage is called _____.

ANSWER: D. default

A. closing
B. foreclosure
C. amortization
D. default

User Deloris
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2 Answers

12 votes

Answer:default

Step-by-step explanation:

Failure to pay on mortgage is called _____. ANSWER: D. default A. closing B. foreclosure-example-1
User Supraja Ganji
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5 votes

Answer:

(D) Default

Step-by-step explanation:

When you fail to pay your mortgage it will be defaulted. Only then will the owner put the property in foreclosure. Typically foreclosure isn't put in effect until after about three months of missed payments.

User Hdkrgr
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