All of the following are common consequences suffered by a mortgagor in a foreclosure procedure EXCEPT:

The statement that the borrower is not allowed to apply for another mortgage for the rest of his or her life is inaccurate because a foreclosure does not impose a lifelong ban on obtaining additional mortgages. While a foreclosure can have serious implications on a borrower's creditworthiness and their ability to secure a loan in the immediate aftermath, it does not prohibit individuals from ever applying for a mortgage again. In fact, over time, many borrowers are able to rebuild their credit scores and obtain new loans, albeit often at higher interest rates or with more stringent terms due to their past foreclosure.

On the other hand, losing property rights permanently, suffering damage to credit scores, and facing potential legal actions from lenders are all common consequences of foreclosure. Once a property is foreclosed, the borrower loses ownership rights to that property. Similarly, foreclosure can significantly impact credit ratings for many years, leading to difficulties in obtaining future financing. Additionally, lenders may pursue legal actions to recover any remaining balances owed that were not satisfied by the foreclosure sale, hence making these consequences substantial realities for borrowers experiencing foreclosure.