An order by the court that ends the mortgagor's right to redeem within a fixed time is referred to as

Question

Quizplus · Accepted Answer

Foreclosure is the legal process by which a lender takes control of a property, evicts the homeowner, and sells the home after a homeowner is unable to make full principal and interest payments on his or her mortgage. The order by the court that ends the mortgagor's right to redeem within a fixed time is referred to as foreclosure.

An Order by the Court That Ends the Mortgagor's Right