Mortgages are issued to allow buyers to maintain an interest on an investment until the terms of the mortgage are satisfied. When the buyer can no longer meet the demands of the mortgage the buyer will loose controlling interest on their investment; this typically happens by foreclosure. When this happens the entity that issued the mortgage can reclaim the property in order to cover their losses. They are not allowed to profit from this method and may only cover the difference on the mortgage and any legal fees.
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