Foreclosure is when a:

A. bank takes ownership of a property because the property owner cannot make the mortgage payments due.
B. person is forced to sell his home for less than what he paid for it.
C. person is forced to sell his home for less than what it is currently worth.
D. person is forced to sell his home for less than what he still owes for it.


A. bank takes ownership of a property because the property owner cannot make the mortgage payments due.

Economics

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