If the borrower fails to pay a mortgage,most mortgage contracts grant the lender the right to foreclose on the property that is identified as security in the contract.

Name: If the borrower fails to pay a mortgage,most mortgage contracts grant the lender the right to foreclose on the property that is identified as security in the contract.
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This is a standard term in most mortgage contracts, giving the lender the right to foreclose on the property in case of default by the borrower.

If the Borrower Fails to Pay a Mortgage,most Mortgage Contracts