Keywords: mortgage; judicial; claim; deficiency; debt; foreclosure; land; third party; debtor; remedy; lender; borrower; security; property; title; interim; certificate; conflict of interest; residential; collateral; profit; purchase; price; windfall; resale; covenant; agreement; sale
When a debt is secured by a mortgage, the process by which the lender recovers the debt is called foreclosure. The law governing foreclosure strikes a careful balance between the right of the lender to obtain repayment of the loan and the interests of the borrower. This project considers the implications of allowing the lender to purchase the foreclosed property.
Below you will find additional, relevant and specific documentation, backgrounders, research, resources, media releases and summaries that have been, or will be incorporated into our final publications and study papers.
If you have questions about these or other specific documents, please reach out to BCLI using our contact page or at the bottom of each page of our website.