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What is the major organic product of the following reaction?
Foreclosure Process
The legal procedure by which a lender attempts to recover the balance of a loan from a borrower who has defaulted on their mortgage payments by forcing the sale of the asset used as the collateral for the loan.
Monthly Payment
A fixed amount of money paid on a regular monthly basis for a wide range of financial obligations, including loans or rent.
Sub-prime Loan
A loan offered to individuals with poor credit histories or higher risk of default than prime borrowers, often at a higher interest rate.
Prime Rate
The interest rate that commercial banks charge their most credit-worthy customers, often used as a benchmark for other rates.
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