jocelyncarson1234 jocelyncarson1234

01-01-2022
Mathematics

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The house in relationship to its mortgage is considered

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rthomas111 rthomas111

01-01-2022

Answer:

collateral

Step-by-step 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.

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