What is the legal process called that forces a sale of mortgaged property due to non-repayment of mortgage terms?

The legal process that compels the sale of mortgaged property due to the borrower's failure to adhere to the repayment terms of the mortgage is known as foreclosure. This process allows the lender to recover the outstanding balance of a loan by taking possession of the property, typically after the borrower has defaulted on the loan obligations.

Foreclosure serves as a remedy for the lender when a borrower does not make timely mortgage payments, and it involves a series of legal steps that ultimately lead to the sale of the property, often through an auction. This process is crucial in the lending industry as it helps lenders mitigate their losses when borrowers default on their mortgage loans.

In contrast, forbearance refers to a temporary reduction or postponement of mortgage payments, fraud encompasses illegal acts intended to deceive, and funding pertains to the provision of financial resources, none of which relate to the process of selling a property due to non-repayment of the mortgage.