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Foreclosure
Click on the correct answer:
A. The administration of a mortgage loan,
including the collection of payments, release of liens, and payment of
property insurance and taxes.
B. The difference between the mortgage
principal and the amount the mortgage actually sells for.
C. A legal proceeding by the lender to
terminate a mortgagor's interest in property, either to gain title or to
force a sale in order to satisfy the unpaid debt.
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