This is the legally-backed process by which attempts are made by the lender to recover any amount owed by the borrower in the form of loan repayment defaults. Foreclosure may take the form of the borrower taking over the mortgaged property, or out-rightly selling such property to recover the owed amount. Default is triggered when the borrower does not come up with the monthly payment obligation for some months, but it may also be triggered when the borrower fails to meet some other specified conditions in the mortgage agreement. Most foreclosures happen as a result of unforeseen circumstances on the part of the borrower which render them incapable of meeting their payment obligations. Sometimes, increased mortgage payments may lead to foreclosure, especially in adjustable-rate interest period when mortgage payment obligations are increased and the borrower cannot meet them. Foreclosures come in two types; judicial foreclosure that involves a court and non-judicial foreclosure that does not require court action to be executed.