18. When a borrower defaults on the payment requirements of…

18. When a borrower defaults on the payment requirements of a loan, there are several options that the lender could have at its disposal rather than foreclosure. If a homeowner in mortgage distress owes more than the value of the home, and is unable to make the loan manageable by refinancing or modifying the mortgage, a non-foreclosure option that could be chosen by the lender is ________ in which the mortgage lender allows the homeowner to sell the home to a third party for an amount less than what is actually owed on the mortgage loan.