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When a borrower doesn't pay back his or her home loan, whether by unwillingness or inability to do so, is this a breach of contract?
When a borrower doesn't pay back his or her home loan, whether by unwillingness or inability to do so, is this a breach of contract? If so, what should be the remedy? Should it matter whether or not they "knew" what there were doing? Please consider the legal implications and support your responses logically (as opposed to emotionally).
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