If a borrower defaults on a home loan, the bank is likely to do all of the following except -- sell the house foreclose on the home loan pay the borrower interest on the money recovered by selling the house evict the borrower from the house
If a borrower defaults on a home loan, the bank is likely to do all of the following except -- sell the house foreclose on the home loan pay the borrower interest on the money recovered by selling the house evict the borrower from the house
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section: Chapter Questions
Problem 6AA
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![If a borrower defaults on a home loan, the bank is likely to do all of the following except --
sell the house
foreclose on the home loan
pay the borrower interest on the money recovered by selling the house
evict the borrower from the house](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2f88db7-4f8d-414e-af1a-9f66472cf9c0%2F87d63354-6cb1-4561-8a6c-943e18057d90%2Fzntasua_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If a borrower defaults on a home loan, the bank is likely to do all of the following except --
sell the house
foreclose on the home loan
pay the borrower interest on the money recovered by selling the house
evict the borrower from the house
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