foreclosure action

См. также в других словарях:

• Foreclosure Action — The legal proceedings initiated by a lender in the case of mortgage default. When a borrower fails to make mortgage payments or otherwise fails to fulfill any of the obligations set forth in the mortgage agreement, the lender can enforce its… …   Investment dictionary

• Foreclosure investment — refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate, foreclosure is the termination of the [equity] of redemption [Equity of redemption… …   Wikipedia

• action — ac·tion n [Latin actio legal proceeding, from agere to do, carry out, initiate legal proceedings] 1 a: a judicial proceeding for the enforcement or protection of a right, the redress or prevention of a wrong, or the punishment of a public offense …   Law dictionary

• Foreclosure — For Lacan s psychoanalytic process, see Foreclosure (psychoanalysis). House in Salinas, California under foreclosure, following the popping of the U.S. real estate bubble. Foreclosure is the legal process by which a mortgage lender (mortgagee),… …   Wikipedia

• foreclosure — fore·clos·ure /fōr klō zhər/ n 1: a legal proceeding that bars or extinguishes a mortgagor s equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem …   Law dictionary

• foreclosure — A termination of the mortgagor s rights in real property a trustee at the request of the mortgagee by virtue of a default (SA Bankruptcy.com) That action that a lender will take to repossess and sell a piece of property for defaults in mortgage… …   Glossary of Bankruptcy

• foreclosure by action and sale — A suit to obtain a decree of foreclosure and a sale of the mortgaged premises in accordance with that decree, the proceeds to be applied, first to the payment of the costs of suit, the mortgage debt, and interest thereon, second to junior… …   Ballentine's law dictionary

• foreclosure suit — See foreclosure by action and sale …   Ballentine's law dictionary

• foreclosure of chattel mortgage — An action to declare judicially the forfeiture for condition broken and to obtain a sale and transfer of title to the subject of the mortgage. 15 Am J2d Chat Mtg § 208. A sale of the property covered by the mortgage, upon a default by the… …   Ballentine's law dictionary

• judicial foreclosure — Foreclosure of a mortgage or lien by an action, as distinguished from foreclosure by seizure and sale. The function of a judicial foreclosure is to declare judicially the forfeiture for condition broken, to obtain an order for sale, and to… …   Ballentine's law dictionary

• Community Action House — Founded 1969 Location Holland, Michigan Key people Mark Tucker, Executive Director Focus social services Method food, clothing, shelter Endowment …   Wikipedia