What happens when a lender accelerates a loan that is in default?
What happens when a lender accelerates a loan that is in default? An “acceleration clause” in a mortgage or deed of trust allows the lender, or current loan holder, to demand repayment in full if the borrower defaults on the loan. If the borrower doesn’t pay back the entire outstanding loan balance, the lender can … Continue reading What happens when a lender accelerates a loan that is in default?
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