What is the term used to describe the legal process by which a lender takes possession of a property due to borrower default?

🎲 Try a Random Question  |  Total Questions in Quiz: 30  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Real Estate Basics Knowledge Test — practice the complete quiz, review flashcards, or try a random question.


What is the term used to describe the legal process by which a lender takes possession of a property due to borrower default?