______ is the term used for the exercise of the secured property interest,which usually means that the creditor must go through the court system to ensure that procedures are properly followed before debtors lose their homes and land.
A) Lien
B) Easement
C) Redemption
D) Deficiency
E) Foreclosure

Question

Quizplus · Accepted Answer

Foreclosure is the term used for the exercise of the secured property interest, and foreclosure usually means that the creditor must go through the court system to ensure that procedures are properly followed before debtors lose their homes and land.

______ Is the Term Used for the Exercise of the Secured