Definition: The term "mortgage kicks" refers to a legal situation in which borrowers have borrowed money from one party (the lender) but cannot repay the loan, causing the borrower's property to be seized or taken by the lender for repayment. When a borrower defaults on their mortgage payment, they can face legal consequences such as fines and damage to their property. In some cases, the lender may take possession of the property and sell it as collateral to ensure that the borrower can meet their obligations. It is important for borrowers to understand what happens if they default on their mortgage payments or any other financial obligation. If the borrower cannot repay their loan, it is best to discuss this issue with their lender in order to negotiate a resolution that works for both parties.
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