foreclose on the mortgaged property

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• property law — Introduction       principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… …   Universalium

• Foreclose — Fore*close , v. t. [imp. & p. p. {Foreclosed}; p. pr. & vb. n. {Foreclosing}.] [F. forclos, p. p. of forclore to exclude; OF. fors, F. hors, except, outside (fr. L. foris outside) + F. clore to close. See {Foreign}, and {Close}, v. t.] To shut up …   The Collaborative International Dictionary of English

• foreclose — fore·close /fōr klōz/ vb [Anglo French forclos, past 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… …   Law dictionary

• foreclose — ► VERB 1) take possession of a mortgaged property as a result of defaults in mortgage payments. 2) rule out or prevent. DERIVATIVES foreclosure noun. ORIGIN originally in the sense «bar from escaping», «shut out»: from Old French forclore shut… …   English terms dictionary

• To foreclose a mortgage — Foreclose Fore*close , v. t. [imp. & p. p. {Foreclosed}; p. pr. & vb. n. {Foreclosing}.] [F. forclos, p. p. of forclore to exclude; OF. fors, F. hors, except, outside (fr. L. foris outside) + F. clore to close. See {Foreign}, and {Close}, v. t.]… …   The Collaborative International Dictionary of English

• To foreclose a mortgager — Foreclose Fore*close , v. t. [imp. & p. p. {Foreclosed}; p. pr. & vb. n. {Foreclosing}.] [F. forclos, p. p. of forclore to exclude; OF. fors, F. hors, except, outside (fr. L. foris outside) + F. clore to close. See {Foreign}, and {Close}, v. t.]… …   The Collaborative International Dictionary of English

• foreclose — verb /ˌfɔrˈkloʊz/ a) to repossess a mortgaged property whose owner has failed to make the necessary payments They have to move out of their house because the bank foreclosed on their mortgage. b) to prevent from doing something …   Wiktionary

• foreclose — verb 1》 take possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments. 2》 rule out or prevent. Derivatives foreclosure noun Origin ME (orig. in the sense bar from escaping, shut out ): from OFr. forclos,… …   English new terms dictionary

• Title insurance in the United States — is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… …   Wikipedia

• Mortgage — A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the… …   Wikipedia

• Mortgage law — This article is about the legal mechanisms used to secure the performance of obligations, including the payment of debts, with property. For loans secured by mortgages, such as residential housing loans, and lending practices or requirements, see …   Wikipedia