Multiple Choice
Vito borrows $110,000 from Watershed Bank to buy a home. If he fails to make payments on the mortgage, the bank has the right to repossess and auction off the property securing the loan. This is
A) a short sale.
B) forbearance.
C) foreclosure.
D) the right of redemption.
Correct Answer:
Verified
Correct Answer:
Verified
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