Mortgage Rights

Mortgage rights refer to the legal rights and interests that a lender holds over a property when someone takes out a mortgage to buy it. When a borrower secures a mortgage, they pledge the property as collateral for the loan. If the borrower fails to make payments, the lender has the right to foreclose and sell the property to recover the owed amount. Additionally, mortgage rights include the ability to enforce terms of the loan and to receive payments, as well as the right to access information about the property and the borrower’s financial situation.