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Form 64G Courts of Justice Act default judgment for sale with a redemption period (action converted from foreclosure to sale) (General heading) (Court seal) judgment reading the statement of claim
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What is default judgment for sale with a redemption period (action converted from foreclosure to sale) - ontariocourts on Form?

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Default judgment for sale is a legal process where a court orders the sale of a property to satisfy a debt when the borrower fails to make payments as required.
The lender or creditor is typically required to file a default judgment for sale in order to initiate the process.
To fill out a default judgment for sale, the lender or creditor must submit a petition to the court detailing the borrower's default on the debt.
The purpose of default judgment for sale is to allow the lender to recoup the amount owed on the debt by selling the property securing the loan.
The default judgment for sale must include details of the debt, the borrower's default, and the property to be sold.
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