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foreclosure
(redirected from Foreclosure sale)

    Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.
fore·clo·sure  (fôr-klzhr, fr-)
n.
The act of foreclosing, especially a legal proceeding by which a mortgage is foreclosed.
foreclosure
the process by which mortgaged property enters into the possession of the mortgagee without right of redemption by the mortgagor, usually for reason of delinquency in mortgage payments.
See also: Property and Ownership
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.foreclosure - the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
legal proceeding, proceeding, proceedings - (law) the institution of a sequence of steps by which legal judgments are invoked
Translations
foreclosure [fɔːˈkləʊʒəʳ] N → apertura f de un juicio hipotecario
foreclosure [fɔːrˈkləʊʒər] n → saisie f
foreclosure
n → Zwangsvollstreckung f → (on bei)
foreclosure [fɔːˈkləʊʒəʳ] n → pignoramento
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Ferstl was dragged into tile fray because he valued the 811-acre property before it was sold in a foreclosure sale.
Final ruling by Arkansas Business
When a mortgagee's innocent mistake caused foreclosed property to be sold at a grossly inadequate price, the foreclosure sale must be set aside to prevent injustice, according to the District Court of Appeal of Florida.
Foreclosure sale set aside when purchase price was grossly inadequate ... by Appraisal Journal
If you are looking to get into the real estate games you may want to consider foreclosure sales as a way to break into the market.
Real Estate Foreclosure Sales by Sandra Stammberger / Real estate industry community
 
 
 
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