In 2011, Frank relocates and purchases a five-year-old house for $450,000. He pays $90,000 as a down payment and finances the remaining $360,000 of the purchase price with a loan from Bank of Town. Frank signs mortgage paperwork, giving Bank of Town a mortgage interest in the home. Frank pays on the loan for three years. At that point, the housing market has declined significantly. Frank’s home is now valued at $265,000. The balance due on his loan is $354,000. In addition, the economy has slowed, and the booming business that Frank started when he bought the home has seen a decrease in revenues. It seems inevitable that Frank will not be able to make his payments. Discuss Bank of Town’s options in this situation.