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Secured Interest
A legal claim or lien on assets or collateral, given to lenders as security for a loan or obligation.
Creditor
A creditor is an entity or person that lends money or extends credit to another party, known as the debtor.
Lien
A legal right or claim against a property as security for payment of a debt or obligation.
Foreclosure
The legal process by which a lender or creditor takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on a loan.
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