If a Homeowner Defaults, or Fails to Make the Mortgage

question 17

True/False

If a homeowner defaults, or fails to make the mortgage payments, the lender loses the right to foreclose on the mortgaged property.

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Definitions:

Depression

A mood disorder that causes a persistent feeling of sadness and loss of interest, affecting how one feels, thinks, and handles daily activities.

Sleep Apnea

A sleep disorder characterized by pauses in breathing or periods of shallow breathing during sleep, often leading to disrupted sleep and other health issues.

REM Paralysis

A natural state during REM (Rapid Eye Movement) sleep where the body is immobilized, thought to prevent the sleeper from acting out dreams.

Insomnia

A sleep disorder where individuals have difficulty falling asleep, staying asleep, or experience non-restorative sleep, leading to distress or impairment in daily functioning.