When a borrower falls behind, the lender contacts them in an effort to bring the loan current. The loan goes to "collection." As part of the collection effort, the lender must mail and record certain documents in case they are eventually required to foreclose on the property.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). collection. Retrieved September 22, 2026, from http://smartdefine.org/collection/definitions/1150168 |
| Chicago | Barry Goldsmith. 2010. "collection" http://smartdefine.org/collection/definitions/1150168 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, collection, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/collection/definitions/1150168>. |
| MLA | Barry Goldsmith. "collection" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/collection/definitions/1150168> |