bn:00035807n
Noun Concept
Categories: United States housing bubble, Urban decay, Foreclosure, Financial problems, 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
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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)