Foreclosure - Law Dictionary Search Results
workout
: an undertaking or plan intended to resolve a problem of indebtedness esp. in lieu of bankruptcy or foreclosure proceedings
foreclose
participle of foreclore to preclude, prevent, from fors outside + clore to close] vt : to subject to foreclosure proceedings vi : to foreclose a mortgage or other security interest compare repossess, seize
right of redemption
is due to release the secured property) ;specif : a mortgagor's statutory right to redeem after a judicial foreclosure and sale
Keep your definitions linked to case research
REMIC
its own investment to the maintenance of cash flow and reserves and to investment in properties acquired from foreclosure on the underlying mortgages called also real estate mortgage investment conduit compare pass-through security at security real estate
public record information
public record information Court records of events that are a matter of public interest such as credit, bankruptcy, foreclosure and tax liens. The presence of public record information on a credit report is regarded negatively by creditors.
loss mitigation
loss mitigation a process to avoid foreclosure; the lender tries to help a borrower who has been unable to make loan payments and is in
judicial
justice within its jurisdiction compare administrative, executive, legislative 2 : created, ordered, or enforced by a court [a foreclosure] compare conventional, legal ju·di·cial·ly adv
judgment
a debt that is not satisfied in full by the security ;esp : such a judgment following the foreclosure of a mortgage final judgment : a judgment that leaves nothing further to be done on a matter
equity of redemption
of redemption 1 : the right of a defaulting mortgagor to redeem the mortgaged property before an absolute foreclosure 2 : the interest or estate remaining to a mortgagor in mortgaged property ;also : the value of
damage
: losses for which damages are recoverable [did not incur s, because he was unlikely to win the foreclosure case "Rosalind Resnick"] adj : of or relating to damages [a action] [a remedy]
- ‹ Prev
- 1
- 2
- 4
- Next ›
- Last »
Try the research workspace - 7 days free