Janet is considering the purchase of a condo for $150,000 during a recession phase, partly financed by a mortgage. She is due to retire in a few years. If she cannot make her mortgage payments on time, she is bound to incur a:
A. neutral equity on her property.
B. reduced residual value of the property.
C. higher rent ratio.
D. foreclosure of her house.
E. fine from the local government.
Answer: D
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