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

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?