If not afford to repay their loan, what will happen?

I wonder whether the real-world lock assets are continuously allowed to use by the owners? If the borrowers are not affordable to repay their loan, what will happen? Please explain.
Regards

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Good day Futuristvision

Today we’re going to explore a common question about Tinlake and Real World Asset (RWA) financing: what happens when a borrower defaults on a loan?