In a true sale transaction, when a mortgagee sells a mortgage, the mortgagee typically transfers all rights and obligations associated with that mortgage to the buyer of the mortgage. This means that the buyer (the new mortgagee) generally acquires the right to enforce the mortgage, including the right to foreclose on the mortgagor in the event of default.
In this scenario, the original mortgagee would no longer retain the right to foreclose on


