Foreclosure
Foreclosure is a legal action that a lender can take if a person who borrowed money using a mortgage stops paying back the mortgage. Foreclosure scares people because it means they may lose their house. This script discusses what foreclosure is and how it works.
Available online (web)- other formats
- audio/podcast
- other languages
- Chinese (simplified) (PDF), Mandarin (audio/podcast)
- produced by
- The Canadian Bar Association BC Branch (CBABC)
- produced in
- 2011
- resource type
- basics
- tags
- foreclosure, mortgage, missed mortgage payments, order nisi, petition, redemption period, order absolute, Dial-A-Law
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