The most typical secured loans are mortgages and vehicle loans. In these illustrations, the lender retains the deed or title, that's a representation of ownership, until the secured loan is fully compensated. Defaulting over a house loan generally leads to the bank foreclosing on a house, although not having to https://onlinepaydayloansflorida60481.blog2news.com/39008142/the-5-second-trick-for-77-loans