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James stopped making his monthly mortgage payments. In response, what can James' lender do? Recalculate the payments so that the loan can be paid off
James stopped making his monthly mortgage payments. In response, what can James' lender do?
Recalculate the payments so that the loan can be paid off earlier.
Exercise the acceleration clause in the mortgage and demand the entire unpaid balance immediately due and payable.
Evict James from the property.
Exercise the prepayment penalty clause in the mortgage and demand that James give the lender the property.
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