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Question 13 of 20

Foreclosure means a creditor can:
OA. collect additional interest when you default on a loan.
B. put a lien on your property when you default on a loan.
OC. repossess your property to sell to someone else.
D. terminate your loan once it has been paid in full.
SU

User Leo Lukin
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1 Answer

13 votes

Answer:

C

Step-by-step explanation:

Technically, foreclosure is the act of taking over a property when the person trying to buy it fails to make the agreed upon payments.

Which answer sounds like that?

It isn't D. D does not really make sense. What is happening?

It sounds to me like the intended answer is C although what's done with the property after it has been taken is not part of the definition.

User Wwwslinger
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