After a default and pursuant to an application by a mortgagee, the court will issue a preliminary order of ________, setting a time limit within which time the mortgage must be redeemed by paying what is in arrears, rectifying any other mortgage defaults, and in some cases, costs.
A) foreclosure
B) debt
C) judicial sale
D) redemption period
E) quantum meruit

Question

Quizplus · Accepted Answer

A preliminary order of foreclosure is issued by the court after a default on a mortgage, setting a time limit for the mortgage to be redeemed by addressing the defaults.

After a Default and Pursuant to an Application by a Mortgagee