Foreclose

The foreclosure process allows us to address and manage delinquent loans effectively.

Transactional Function Sequence

Module	Function
Loan Management Module	requestDebtToken
Loan Management Module	updateProtection
Loan Brokerage Modyle	updateLoan

The following 2 functions should

Step 1: requestDebtToken

function requestDebtToken(address user, string lenderName, string pointer, uint256 loanId)

Parameters	Descriptions
user	The users eth address
loanId	The users loanId
lenderName	The name of the lender
pointer	The lender market pointer

Step 2: Update Loan Info

function updateLoan(bytes loanInfo, address user, uint256 loanId, UpdateField)

Parameters	Descriptions
loanInfo	This amount will be zeroed with the loan status foreclosed - bytes memory loanUpdateData = abi.encode(borrowAmount, collateralAmount, 8);
user	The users eth address
loanId	The users loan Id
UpdateField	This will be set to 3

Only proceed if the user is protected

Step 3: updateProtection

function updateProtection(address user, uint256 uniqueId, uint256 loanId, string pointer, string lenderName)

Parameters	Descriptions
user	The users eth address
uniqueId	The unique Id for the users loan
loanId	The users loanId
pointer	The lender market pointer
lenderName	The name of the lender