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 mrotgage debt
The legal process where the borrower is in default of the mortgage payment This usually involves the mortgage company taking over the property The mortgage company will try to sell the house or put it up for auction to have profit applied to the Mortgage debt
The legal process by which a borrower in default under 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
the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
A legal procedure in which real estate is sold by the lender to pay a defaulting borrower's debt
When the lender gets a judgment ordering a public sale of the property to pay off the loan because the borrower has defaulted on the mortgage payments
A legal procedure in which property mortgaged as security for a loan is sold to pay the defaulting borrower's debt
The legal process by which a borrower in default under a mortgage is deprived of his or her interest in the mortgaged property, usually through a forced sale of the property at public auction The money from the property's sale is applied to the mortgage debt
The legal process by which a lender acquires possession of the property securing a mortgage loan when the borrower defaults
The legal process by which a borrower in default under a mortgage or deed of trust, loses his/her interest in the mortgaged property; this process usually involves a forced sale of the property at public auction with the proceeds of the sale being applied to the mortgage debt
Legal process by which the lender forces the sale of a property when the borrower has not met the mortgage terms
(return to top) 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
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
The process by which a mortgaged property may be sold when a mortgage is in default
The legal process by which a mortgaged property may be sold when a mortgage is in default
A legal procedure whereby the lender obtains ownership of the property following default by the borrower by terminating all of the borrower's rights in the property covered by the mortgage
{i} taking away of the right to redeem his property; hindering; shutting out; closing or settling beforehand
A legal process by which the lender forces a sale of a property because the borrower has not met the terms of the mortgage