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.

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produced by
The Canadian Bar Association, BC Branch (CBABC)
produced in
2015
last reviewed
January 2015 i Last date reviewed by a qualified expert to ensure content up-to-date. See "Tips" in Clicklaw content criteria (bottom of pageside menu) for details.
 

Also available in:

Chinese (simplified) (PDF)
Mandarin (audio/podcast)


resource type
basics
tags
foreclosure, mortgage, missed mortgage payments, order nisi, petition, redemption period, order absolute, Dial-A-Law
other formats
audio/podcast