Foreclosure - Law Dictionary Search Results
judgment
by the security ;esp : such a judgment following the foreclosure of a mortgage final judgment : a judgment that leaves
sale
in order to satisfy a creditor's judgment against a debtor foreclosure sale : a sale of property upon default of a
right of redemption
: a mortgagor's statutory right to redeem after a judicial foreclosure and sale
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REMIC
flow and reserves and to investment in properties acquired from foreclosure on the underlying mortgages called also real estate mortgage investment
public record information
are a matter of public interest such as credit, bankruptcy, foreclosure and tax liens. The presence of public record information on
loss mitigation
loss mitigation a process to avoid foreclosure; the lender tries to help a borrower who has been
judicial
2 : created, ordered, or enforced by a court [a foreclosure] compare conventional, legal ju·di·cial·ly adv
foreclose
outside + clore to close] vt : to subject to foreclosure proceedings vi : to foreclose a mortgage or other security
equity of redemption
defaulting mortgagor to redeem the mortgaged property before an absolute foreclosure 2 : the interest or estate remaining to a mortgagor
damage
not incur s, because he was unlikely to win the foreclosure case "Rosalind Resnick"] adj : of or relating to damages
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