<a href="http://www.noss123.com/">http://www.noss123.com/</a> In most jurisdictions, a lender may foreclose the mortgaged property if certain conditions - principally, non-payment of the mortgage loan - apply. Subject to local legal requirements, the property may then be sold. Any amounts received from the sale (net of costs) are applied to the original debt. In some jurisdictions, mortgage loans are non-recourse loans: if the funds recouped from sale of the mortgaged property are insufficient to cover the outstanding debt, the lender may not have recourse to the borrower after foreclosure. In other jurisdictions, the borrower remains responsible for any remaining debt. In virtually all jurisdictions, specific procedures for foreclosure and sale of the mortgaged property apply, and may be tightly regulated by the relevant government; in some jurisdictions, foreclosure and sale can occur quite rapidly, while in others, foreclosure may take many months or even years. In many countries, the ability of lenders to foreclose is extremely limited, and mortgage market development has been notably slower.Please know that Number One Success System is not an investment club, not a business, not MLM, not a company or corporation, not a commercial enterprise of any kind whatsoever, nor do its activities include the solicitation of anything. There are no investments here, no paychecks, no products or services to sell, no seminars to attend, no tapes or manuals to buy, and no one MAKES or EARNS any money. <a name="Mortgages_in_the_United_States" id="Mortgages_in_the_United_States"></a> <h2> </h2>