Foreclosure what does it mean

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Test your knowledge - and maybe learn something a Contains Parliamentary information licensed under the Open Parliament Licence v3. In that instance, the absentee landlord deliberately failed to pay the mortgage, thus inciting the mortgage company to foreclosure and eviction.

That is the value of the security: the right to foreclosure of a debenture is the security for the money advanced. If the mortgage lender obtains, having proved fraud in court, an order for possession or foreclosure , income support mortgage interest payments cease to be payable. It is understood that the foreclosure order had been obtained by the mortgagee before the original hiring agreement was entered into.

He is simply in the position of a mortgagee who has a right of entry for foreclosure in case of non-payment. It would be bad at any time, but it is especially bad now, given the trend in mortgage arrears, foreclosures and repossessions.

There is an intervening period, and then numerous problems arise, involving foreclosures on mortgages and so on. Likewise, when one reads of one case of a man waiting for foreclosure of properties, which may or may not be right. My only criticism is that the provisions should be extended to foreclosure proceedings.

Again, what happens to the tenant when he is moved out, after foreclosure? See all examples of foreclosure. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. What is the pronunciation of foreclosure? Browse forecastle BETA. Test your vocabulary with our fun image quizzes. Image credits. Word of the Day kind-hearted.

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