An order by a court that ends the right of the mortgagor to redeem the mortgage within a fixed time is called

Name: An order by a court that ends the right of the mortgagor to redeem the mortgage within a fixed time is called
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Question

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A foreclosure is a legal process that results in the mortgagor losing the right to redeem the mortgage within a fixed time. It allows the mortgagee, or lender, to take possession or sell the property to recover the outstanding loan amount.

An Order by a Court That Ends the Right of the Mortgagor