In 2008, Frank relocated and purchased a home in a beautiful mountain town. The home was five years old, and Frank purchased it for $450,000. He paid $90,000 as a down payment and financed the remaining $360,000 of the purchase price with a loan from Bank of Town. Frank signed mortgage documents that gave Bank of Town a mortgage interest in the home. Frank made payments on the loan for three years. But the housing market declined significantly, and Frank’s home is now valued at only $265,000. The balance due on his loan is $354,000. In addition to the decline in housing prices, the economy has slowed, and the booming business that Frank started when he bought the home has experienced a decrease in revenues. It seems inevitable that Frank will not be able to make his mortgage payments. Discuss Bank of Town’s options in this situation.