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The term you are looking for is foreclosure.

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12y ago
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1y ago

The act of taking away a mortgage is known as mortgage discharge or mortgage payoff. It refers to the process of paying off the outstanding balance on a mortgage loan, thereby releasing the borrower from the obligation to repay the debt. Once the mortgage is discharged, the borrower gains full ownership of the property.

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Q: Which is the act of taking away a mortgage?
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Continue Learning about General History

Which act took away Massachusetts' right to govern itself?

Massachusetts Governing Act.


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The cause was that the government was taking away farmers land because they could not pay their dept. The rebellion scared the government and they stopped taking away farmers properties.


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What does taking out a second mortgage mean?

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Where can one find information on taking out a second mortgage with companies?

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