1) Legal proceeding 2) Proceeding 3) Proceedings 4) Repossession of a sort
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• (n.) The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager`s right of redeeming a mortgaged estate.
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http://thinkexist.com/dictionary/meaning/foreclosure/
legal proceeding by which a mortgagor`s rights to a mortgaged property may be extinguished if the mortgagor (borrower) fails to live up to the ... [1 related articles]
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http://www.britannica.com/eb/a-z/f/46
Process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosf.htm
In law, the transfer of title of a mortgaged property from the mortgagor (borrower, usually a home owner) to the mortgagee (loaner, for example a bank) if the mortgagor is in breach of the mortgage...
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http://www.encyclo.co.uk/local/20688
Is a legal process where the lender takes back a property upon the default of the loan by a borrower. The lender sells the property keeping the proceeds to pay for the mortgage and legal costs and returns the balance, if there is any, to the borrower.
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http://www.encyclo.co.uk/local/20965
(n) Foreclosure is the closing of a liability, obligation, receivables etc by recovering the dues by other means like selling the lien , mortgages etc in his possession, before waiting the action or fulfillment from the debtor.
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http://www.encyclo.co.uk/local/21213
A legal proceeding in which the default borrower is extinguished of all rights, title and interest on the underlying property.
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http://www.encyclo.co.uk/local/21398
Financial forecasting is the process of estimating future financial performance. The projected finan
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http://www.encyclo.co.uk/local/22402
The legal procedure by which a lender holding a mortgage on your house forces a sale of your house t
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http://www.encyclo.co.uk/local/22405
Fore·clo'sure noun The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
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http://www.encyclo.co.uk/webster/F/58
The procedure by which a homeowner forfeits his property to the lender (mortgagee) following... <a target=_blank href='http://www.finance-glossary.com/terms/foreclosure.htm?id=574&ginPtrCode=00000&PopupMode=false' title='Read full definition of foreclosure'>more</a>
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The legal process by which a creditor with a claim (lien) on real estate forces a sale of the property in order to collect on the lien. Foreclosure typically begins when a homeowner falls behind on mortgage payments for several months.(See also: judicial foreclosure, nonjudicial foreclosure)
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http://www.nolo.com/dictionary/foreclosure-term.html
Foreclosure is the legal right of a lender of money if the borrower fails to repay the money or part of it on the due date. The lender must apply to a court to be permitted to sell the property that has been held as security for the debt. The court will order a new date for payment in an order called a foreclosure nisi. If the borrower again fails ...
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the legal process by which a bank or lender sells a property after a borrower fails to meet the repayment terms of the loan.
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http://www.thetruthaboutmortgage.com/mortgage-dictionary/
noun the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
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https://www.encyclo.co.uk/local/20974
- Seizure of COLLATERAL by a CREDITOR when DEFAULT under a loan agreement occurs.
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https://www.encyclo.co.uk/local/21071
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.
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https://www.encyclo.co.uk/local/21181
In law, the transfer of title of a mortgaged property from the mortgagor (borrower, usually a home owner) to the mortgagee (loaner, for example a bank) if the mortgagor is in breach of the mortgage agreement, usually by failing to make a number of payments on the mortgage (loan). The mortgagor may keep or sell the mortgaged property, often by aucti...
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https://www.encyclo.co.uk/local/21221
A legal procedure whereby the lender eventually obtains ownership of the property after the borrower has defaulted on payments.
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https://www.encyclo.co.uk/local/21261
A proceeding in or out of court, to extinguish all rights, title, and interest, of the owner(s) of property in order to sell the property to satisfy a lien against it.
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https://www.encyclo.co.uk/local/21390
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.
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https://www.encyclo.co.uk/local/21405
a legal process in which mortgaged property is sold to pay the loan of the defaulting borrower. Foreclosure laws are based on the statutes of each state.
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https://www.encyclo.co.uk/local/21674
a legal proceeding that bars or extinguishes right
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https://www.encyclo.co.uk/local/22316
the act of foreclosing a mortgage or pledge.
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https://www.infoplease.com/dictionary/foreclosure
No exact match found.
