In case a borrower defaults on a mortgage, the mortgagee has an absolute right to dispose of the property in any manner desired.

Question

Quizplus · Accepted Answer

While the mortgagee does have the right to sell the property in order to recover their money, there are legal procedures that must be followed and the sale must be conducted in a fair and reasonable manner. The mortgagee cannot simply dispose of the property in any manner they desire.

In Case a Borrower Defaults on a Mortgage, the Mortgagee