With respect to mortgages, a foreclosure action involves

a subsequent purchaser taking over the responsibility of paying off the mortgage.

a discharge of a definite portion of the mortgaged lands.

a right upon default to sell mortgaged land.

a clause stating that upon default of any instalment, the whole of the principal sum of the mortgage and accrued interest immediately falls due.

(after the default and pursuant to court applications by the mortgagee) a court order setting a time limit within which the mortgage must be redeemed by paying what is overdue and costs, failing which the court may sell the property or transfer title to the mortgagee.