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Phil and Claire; clients who are interested in investing in real property. Phil and Claire expect to enter into Torrens Title mortgages to purchase their

Phil and Claire; clients who are interested in investing in real property.

Phil and Claire expect to enter into Torrens Title mortgages to purchase their investment properties. They are worried that if they default on a mortgage, that the mortgagee bank will immediately be able to foreclose on the property and they will lose everything.Is this correct?

Explainthe nature of a Torrens Title mortgage and what happens if a mortgagor defaults.

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