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If you default on your mortgage, the lender can go to court to take the property you mortgaged or sell it to pay the debt. This process is called “foreclosure”.

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People's Law School
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last reviewed
October 2017 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.
resource type
foreclosure, mortgage, missed mortgage payments, order nisi, petition, redemption period, order absolute, Dial-A-Law