What Happens When a Borrower Defaults on Their Loan?

What Happens When a Borrower Defaults on Their Loan?

When underwriting a loan request, it is never the lender’s assumption that the deal will go bad—but it happens. On occasion, a borrower fails to live up to his or her end of the loan agreement, and the lender(s) must take steps to protect their capital. While this is never the desired outcome, it is […]

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