Mortgage Foreclosure | What is a mortgage foreclosure?

Morgtgage Foreclosure

Mortgage Foreclosure Mortgage foreclosure is the process of barring, closing out or taking away. A judicial remedy that technically brings a mortgage to an end and vests the mortgagor’s (the borrower's) estate or interest in land in the mortgagee. A process instigated in the event of a default by the mortgagor. The mortgagee (i.e. the lender or anyone who has acquired the rights of to the mortgage) takes an action to force the mortgagor to repay the outstanding debt, or risk the loss of the … [Read more...]