Foreclosure

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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produced by
People's Law School
produced in
2017
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
basics
tags
foreclosure, mortgage, missed mortgage payments, order nisi, petition, redemption period, order absolute, Dial-A-Law