foreclosure decree

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• foreclosure decree — court order to deprive of the right to mortgage or redeem one s property (usually because of failure to make payments) …   English contemporary dictionary

• decree — de·cree /di krē/ n [Old French decré, from Latin decretum, from neuter of decretus, past participle of decernere to decide] 1: an order having the force of law by judicial decree 2: a judicial decision esp. in an equity or probate court; broadly …   Law dictionary

• 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 — /forklowzhsr/ To shut out, to bar, to destroy an equity of redemption. Anderson v. Barr, 178 Okl. 508, 62 P.2d 1242, 1246. A termination of all rights of the mortgagor or his grantee in the property covered by the mortgage. The process by which a …   Black's law dictionary

• foreclosure — /forklowzhsr/ To shut out, to bar, to destroy an equity of redemption. Anderson v. Barr, 178 Okl. 508, 62 P.2d 1242, 1246. A termination of all rights of the mortgagor or his grantee in the property covered by the mortgage. The process by which a …   Black's law dictionary

• decree nisi and absolute — an order of the court in two stages: 1. terminating a marriage. 2. granting foreclosure in respect of a mortgage where the mortgagor has defaulted. Collins dictionary of law. W. J. Stewart. 2001 …   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

• decree — The judgment of a court of equity or chancery, answering for most purposes to the judgment of a court of law. A decree in equity is a sentence or order of the court, pronounced on hearing and understanding all the points in issue, and determining …   Black's law dictionary

• decree — The judgment of a court of equity or chancery, answering for most purposes to the judgment of a court of law. A decree in equity is a sentence or order of the court, pronounced on hearing and understanding all the points in issue, and determining …   Black's law dictionary

• Decree Of Foreclosure And Sale — A declaration made by a court indicating that a piece of property is to be sold in order to cover outstanding debts. A decree of foreclosure and sale is most frequently used on a mortgaged property, with the proceeds from the sale going to the… …   Investment dictionary

• Decree nisi — A decree nisi (from the Latin nisi, meaning unless ) is a court order that does not have any force until such time that a particular condition is met, such as a subsequent petition to the court or the passage of a specified period of time.[1]… …   Wikipedia