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Question
Denise borrows $90,000 from Clear Lake Credit Union to buy a home. Denise loses her job and fails to make payments on the mortgage, but assures Clear Lake Credit that she will soon secure a new job. The lender agrees to postpone the payments. This isa. foreclosure.
b. forbearance.
c. a reamortization.
d. a restructure.
Answer
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Related questions
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