Score High in JAMB With EduPadi CBT App

Practice JAMB CBT, get instant results, and understand solutions in-depth with smart AI insights.

Question on: SS2 Accounting - Loan Capital: Mortgage

What is foreclosure, and how does it relate to a mortgage?

View related lesson

Ask EduPadi AI for a detailed answer

Foreclosure is the legal process by which a lender can take possession of a property when the borrower is unable to make mortgage payments. Foreclosure is related to a mortgage because the property serves as collateral for the loan, and the lender has the right to take possession of the property if the borrower defaults on the loan.

Add your answer

Please share this, thanks!

No responses

Learn real coding skills with Arinze Anakor — join him at zestmade.com and connect with him on X (formerly Twitter) for hands-on coding classes and practical learning.

Courses

SS1 SS2 SS3 JAMB WAEC JSS1 JSS2 JSS3

Featured Posts

137 Best Happy New Week Wishes, Messages & Prayers JAMB Past Questions & Answers PDF (FREE downloads, all subjects)127 Heartfelt Good Morning Love Messages for Her to Brighten Her Day The Life Changer 130 Possible Questions And Answers Top 10 Best Commercial Courses to Study in Nigeria for High Paying Jobs SS1 Physics Scheme of Work (1st, 2nd, 3rd term)10 Reasons Doctors Are Better Than Teachers - Argumentative Essay JUPEB – Everything You Need to Know About JUPEB Programme Reasons Teachers Are Better Than Doctors - Argumentative History And Origin Of Cultism In Nigeria (Latest Update)