Answer:
The lender
Explanation:
A foreclosure is defined as a legal action taken by a lender where the borrower has stopped making payments. The lender forces the borrower to sell an asset used as a collateral in an effort to recover the loan.
Mortgages are loans collected on real estate properties, usually provided by mortgage company.
If Lorraine has defaulted for 4 months on her mortgage payments, the lender can start foreclosure procedure against her in an attempt to recover the loan.
