Question

21 multiple choice 1 point legal process used to force the payment of a debt secured by collateral whereby property is sold to satisfy the debt. an example is when you are forced out of your house and it is sold to pay off your mortgage. repossession foreclosure garnishment clear my selection

Explanation:

• Repossession: Generally refers to taking back personal property (like a car) without going through a full - scale legal process for real estate.
• Foreclosure: A legal process where property (such as a house) is sold to satisfy a debt (e.g., mortgage).
• Garnishment: Involves taking money from a person's wages or bank account, not selling property.

Answer:

Foreclosure