|
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mrotgage debt.
a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower.
— The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property, usually through a forced sale of the property at public auction. The money from the property's sale is applied to the mortgage debt.
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
The act by the mortgagee or trustee upon default, in the payment of interest or principal of a mortgage of enforcing payment of the debt by selling the underlying security.
A legal procedure whereby the lender obtains ownership of the property following default by the borrower by terminating all of the borrower's rights in the property covered by the mortgage.
Legal process by which a mortgaged property may be sold to pay off a mortgage loan that is in default.
An authorized procedure taken by a mortgagee or lender under the terms of a mortgage or deed of trust for the purpose of having the property applied to the payment of a defaulted debt.
The legal process by which a borrower in default under a mortgage or deed of trust, loses his/her interest in the mortgaged property; this process usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage.
The legal process by which a lender acquires possession of the property securing a mortgage loan when the borrower defaults.
Legal process by which the lender forces the sale of a property when the borrower has not met the mortgage terms.
A legal process by which the lender forces a sale of a property because the borrower has not met the terms of the mortgage.
When the lender gets a judgment ordering a public sale of the property to pay off the loan because the borrower has defaulted on the mortgage payments.
The legal process where the borrower is in default of the mortgage payment. This usually involves the mortgage company taking over the property. The mortgage company will try to sell the house or put it up for auction to have profit applied to the Mortgage debt.
A legal process by which the lender takes possession and ownership of a property when the borrower defaults on the mortgage obligations.
A legal procedure in which property mortgaged as security for a loan is sold to pay the defaulting borrower's debt.
An enforcement process in which the lender under a defaulted mortgage takes title to the property for the purposes of selling it to recoup moneys owed under the mortgage.
The legal process by which a borrower in default under a mortgage or deed of trust, loses his/her interest in the mortgaged property; this process usually involves a forced sale of property at public auction with the proceeds of the sale being applied to the mortgage debt.
The legal process by which a borrower in default under mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
The process by which a mortgaged property may be sold when a mortgage is in default.
A legal procedure in which real estate is sold by the lender to pay a defaulting borrower's debt.
(return to top) The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property. This usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt.
Process of selling mortgaged property to satisfy the debt owed by the defaulting mortgagor. l
The legal process by which a mortgaged property may be sold when a mortgage is in default.
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
http://www.google.ca/search?hl=en&q=define%3Aforeclosure&meta= |
