The house in relationship to its mortgage is considered

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asked Feb 4, 2023 124k views

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Paul Maxwell · Answer 1 · 2023-02-11T04:50:52+0000

Answer:

collateral

Explanation:

The house is collateral for the mortgage loan. Fail to pay the loan, and the collateral is repossessed. In the case of a mortgage this process is called foreclosure.

The house in relationship to its mortgage is considered

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