mortgage repossession abuse Jamaica

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Mortgage Repossession Abuse in Jamaica: When Lenders Use Unlawful Tactics to Seize Property

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While mortgagees in Jamaica have a legal right to repossess and sell mortgaged property following a borrower’s default, that right must be exercised in accordance with the mortgage instrument and the applicable law. Cases of wrongful repossession, intimidation of occupants, premature possession before proper default, and under-value sales that destroy the borrower’s equity have all been reported.