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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,

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?

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

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