Author Question: With a secured loan, such as a home loan, retaking the collateral generally ensures the lender will ... (Read 130 times)

michelleunicorn · **on:** Jun 24, 2018

With a secured loan, such as a home loan, retaking the collateral generally ensures the lender will recover most or all of its costs.
Indicate whether the statement is true or false

Question 2

After losing a home and having it sold at auction, a homeowner can be assured that all his or her debts to the lender have been discharged.
Indicate whether the statement is true or false