Foreclosure

Foreclosure,

Definition of Foreclosure:

  1. Legal process by which a lender cancels (forecloses) a borrowers right of redemption of the mortgaged property through a court order (called foreclosure order). The court sets a date up to which the borrower can redeem the property by paying off the entire loan balance (including foreclosing expenses). Thereafter, the lender is free to sell the property and, upon the sale, applies the sale proceeds first to the due amount and pays the remainder (if any) to the borrower. The borrower remains liable for the due amount if the property remains unsold, and for the shortfall if the sale proceeds are insufficient to pay off the entire debt. The lender is generally under an obligation to sell the property at or near its fair market value (FMV).

Synonyms of Foreclosure

Arrestation, Debarment, Determent, Deterrence, Discouragement, Disendowment, Disherison, Disinheritance, Disownment, Dispossession, Disseisin, Estoppel, Eviction, Expropriation, Forbiddance, Forestalling, Halt, Obviation, Preclusion, Prevention, Prohibition, Reclaiming, Repossessing, Repossession, Stay, Stop, Stoppage, Stopping

How to use Foreclosure in a sentence?

  1. In 2008 when the economy took a downturn, my house, along with many other peoples homes, went into foreclosure because I could not make the payments.
  2. If you arent paying your bills you may be brought under a foreclosure and lose the property that you thought was yours.
  3. Sometimes when things go wrong you will have to undergo a foreclosure to try and salvage anything that you can.

Meaning of Foreclosure & Foreclosure Definition

Foreclosure,

What Does Foreclosure Mean?

  1. Foreclosure definition is: Porclosure is a legal process in which a lender seeks to recover money owed on a non-performing loan and sells the property as collateral. The default usually starts when a borrower fails to meet a certain amount of monthly payments, but it can also happen when a borrower meets other requirements in the mortgage documents. Fails to

    • Porclosure is a legal process that allows a lender to take ownership of the amount owed on a non-performing loan and sell the secured property as collateral.
    • The process of porclosure varies from state to state, but in general, lenders try to work with borrowers to borrow and avoid debt.
    • The average number of days for a pre-trial is 673, but the time varies greatly from state to state.

  2. Foreclosure means: The legal process by which a lender acquires ownership of a home if the owner fails to pay the mortgage.

  3. A legal process by which a loan can be sold as collateral or collateral assets to repay a loan if the loan defaults. See advance questions.

Meanings of Foreclosure

  1. Having mortgaged property when the mortgage lender has not paid the mortgage.

Sentences of Foreclosure

  1. Helping borrowers deal with foreclosures.

Foreclosure,

Foreclosure means,

  1. Porclosure is a legal process in which a lender seeks to recover the amount owed on a non-performing loan by illegally selling and selling the mortgage property. Normally, default occurs when the borrower defaults on a certain number of monthly payments, but this can also happen when the borrower defaults on other mortgage terms.

    • A mortgage is a legal process that allows a lender to seize and sell a mortgage property on a non-performing loan.
    • Closure procedures vary by state, but in general, lenders try to work with borrowers and avoid closing them.
    • The average number of days for a closed process is 673 days, and the time varies greatly from state to state.

  2. The legal process in which a lender obtains a loan when the borrower is late in repaying the mortgage.

  3. A legal process under which a property used as collateral or security can be sold to pay off a debt. See related issues until completion.

  4. Foreclosure can be defined as, The believer's guaranteed income in the event of a breach of the loan agreement.

  5. The legal process in which a bank or lender sells property after not meeting the borrower's payment terms.

Meanings of Foreclosure

  1. If the borrower fails to repay the mortgage, the mortgagor owns the property.

Foreclosure,

Definition of Foreclosure:

James Chen, CMT, is an experienced trader, investment advisor and global market strategist. He is the author of books on trade and technical business by John Wiley & Sons and has been a visiting researcher at CNBC, Bloomberg TV, Forbes and Reuters, among other financial companies.

  • Foreclosure is a legal process that allows a lender to recover the amount owed on a non-performing loan by seizing and selling the mortgaged property.
  • Closure procedures vary by state, but in general, lenders try to work with lenders to receive payments and avoid closing them.
  • The last national average of days for the graduation process is 830, which varies greatly from state to state.

The legal process in which the lender takes ownership when the lender fails to pay the mortgage.

Meanings of Foreclosure

  1. If the mortgage lender fails to pay the mortgage, keep the property as collateral.

Sentences of Foreclosure

  1. Helping lenders deal with foreclosures

Foreclosure,

How Do You Define Foreclosure?

Foreclosure

A legal process by which mortgaged assets can be sold as collateral or security for debt repayment if the debtor is in default. See related issues until completion.

The definition of Foreclosure is: The legal process in which a borrower sells a bank or lender's property after failing to meet the repayment requirements.