Strict Foreclosure - Law Dictionary Search Results
strict foreclosure
Matched in: Term strict foreclosure
foreclosure
Matched in: Term foreclosure
statutory foreclosure
Matched in: Term statutory foreclosure
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Equity of redemption
the mortgaged property, on account of the breach of the condition for repayment of the loan within the strict time, is nevertheless compelled to reconvey the legal estate to the mortgagor, who applies to redeem it, on … a sale of the mortgaged property by the mortgagee under a power of sale; (3) a decree for foreclosure by the Court; (4) lapse of time (twelve years) under the (English) Real Property Limitation Act, 1874, ss.
Mortgage
equity of redemption, then, is the chief and inseparable incident of a mortgage--an incident unextinguishable, save by a foreclosure decree, a sale by the mortgagee under a power, express or implied, in that behalf, a legislative provision, … transfer of the mortgaged property subject to prior incumbrances (if any). The provisions of s. 115 should be strictly attended to, especially sub-ss. (1) and (2), ibid. the vesting effect of a receipt in this form (without
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