Enforcing Judgments Against Land: Difference between revisions

[[Mortgages and Foreclosure|Foreclosure]] is a proceeding brought by a creditor who has a mortgage against a property. Usually, a person who borrows money to buy a house has to give a mortgage over the house as security for the creditor. If the borrower defaults, the creditor can bring a legal action to take the property and, at the same time, get a judgment for the money owed.