NFTfi Documentation
  • Overview
    • Introduction
    • Our vision
    • FAQ
    • Fees
    • V3 Protocol Upgrade
  • Highlights
    • NFTfi Rewards
    • Bundles
    • Loan Renegotiations
  • Borrow
    • Listing collateral
    • Listing bundles
    • Accepting loan offers
    • Renegotiating
    • Repaying a loan
    • Refinancing
    • Transferring borrower rights
  • Lend
    • Making loan offers
    • Making private offers
    • Making collection offers
    • Making underfunded offers
    • Cancelling offers
    • Foreclosing
    • Transferring lender rights
  • SDK
    • SDK guide
    • API key request
  • Smart contracts
    • Contract addresses
    • GitHub
    • Audits
    • Vulnerability submission
    • Sepolia testnet
  • Resources
    • Official links
    • Social links
    • Support
    • Legal
Powered by GitBook
On this page
  1. Lend

Foreclosing

PreviousCancelling offersNextTransferring lender rights

Last updated 1 year ago

In the event a borrower fails to repay the loan within the loan term, as a lender, you have the right to foreclose the loan and take ownership of the NFT used as collateral.

  1. Navigate to 'Give a loan' then ''.

  2. The defaulted loan will be listed on this page. If you do not want to renegotiate loan terms with the borrower, you can now foreclose this loan and take possession of the NFT collateral. If you want to try to renegotiate with the borrower, you can do so at any point before foreclosing.

  3. To foreclose the loan, find the defaulted loan and click on 'Foreclose loan'.

  4. Sign in your wallet.

  5. You should now have the NFT collateral in your wallet.

Loans given