The most common secured loans are home loans and vehicle loans. In these illustrations, the lender holds the deed or title, and that is a illustration of possession, until eventually the secured loan is completely paid. Defaulting on a mortgage usually ends in the financial institution foreclosing on a house, https://miloaipuy.blogproducer.com/33013001/5-simple-statements-about-79-loans-for-bad-credit-explained