Question
Can be defined as the restructuring of a loan that allows the borrower to retain ownership of their home. Is applicable to a second home.
Can be defined as the restructuring of a loan that allows the borrower to retain ownership of their home. Is applicable to a second home.\ Is not likely to trigger cancellation of debt income.\ Occurs when the bank takes the home from the borrower to satisfy the mortgage debt.\ Mark for follow up
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College Accounting A Practical Approach Chapters 1-26
Authors: Jeffrey Slater
8th Edition
0130911429, 978-0130911421
