If a mortgagee does not register the mortgage, the mortgagee:

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Registering a mortgage is necessary to give notice to others that the property is encumbered by the mortgage, and to establish priority among creditors. If the mortgage is not registered, the mortgagee cannot enforce the mortgage against the property if it is sold to a subsequent purchaser who may not have been aware of the mortgage. The mortgagee can still bring a lawsuit against the mortgagor to recover any unpaid amounts, but they cannot foreclose on the property or have a court-supervised sale.

If a Mortgagee Does Not Register the Mortgage, the Mortgagee