bn:00035807n
Noun Concept
Categories: Mortgage, Governmental auctions, Real property law, Foreclosure, All articles needing additional references
EN
foreclosure  Execution of court decision  Mortgagee auction  Mortgagee Auctions  compulsory auction
EN
The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default WordNet 3.0
Definitions
Relations
Sources
EN
The legal proceedings initiated by a creditor to repossess the collateral for loan that is in default WordNet 3.0 & Open English WordNet
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Wikipedia
Legal process in which a lender attempts to recover the balance of a loan from a borrower Wikidata
The proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments. Wiktionary
Proceeding by a creditor. Wiktionary (translation)