Question

Gary did not pay his past three payments on his mortgage. What is the possible consequence he is facing?

Answer 1

Gary would be facing having his house taken from him. (simply put: eviction)

p.s. this is not geography, but finance.

Answer 2

In mortgages, the financing itself becomes the guarantee that you, the person applying for the credit, are committed to the payment. If the payment is not executed the financial institution may embark the property of the individual as well as take the property back.