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Real Estate Glossary

Cross-collateralization

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Written by Luis Escobar

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.

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.

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Luis Escobar

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