This is the function of grouping properties or mortgages that secure one debt obligation. In the event that the debtor is not able to deal with a set of scheduled repayments for the loan on time, the lender has the power to force the liquidation of an asset and use that for repayment.
Cross-collateralization
This is the function of grouping properties or mortgages that secure one debt obligation. In the event that the debtor is not able to deal with a set of scheduled repayments for the loan on time, the lender has the power to force the liquidation of an asset and use that for repayment.