The most common secured loans are mortgages and vehicle loans. In these illustrations, the lender retains the deed or title, that's a representation of ownership, till the secured mortgage is totally paid. Defaulting with a home loan commonly ends in the lender foreclosing on a home, although not paying a https://collinzdedc.blog-a-story.com/19809595/an-unbiased-view-of-77-loans