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foreclosure
(redirected from Mortgage foreclosure)

    Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.

foreclosure

Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. The lender may then declare the entire debt due and owing and may seek to satisfy it by foreclosing. Foreclosure is commonly by a court-decreed sale of the property to the highest bidder, who is often the lender. See also mortgage.

foreclosure
The depriving of the right to a property by legal transfer of title, esp. because of failure to maintain mortgage payments.
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The topics include economic analysis of a mortgage foreclosure moratorium, constitutional issues relating to proposals for legislation to impose an interest rate freeze/reduction on existing mortgages, current lending and foreclosure issues regarding subprime mortgages, and a proposal to allow the Treasury to buy mortgage-related assets to address financial instability.
Understanding mortgage meltdowns by Reference & Research Book News
Mortgage foreclosure is not only linked to medical debt, but can cause or worsen people's health problems as well, according to a study published in the October issue of APHA's American Journal of Public Health.
Foreclosure worsens health, disparities by The Nation's Health
Do you want to stop mortgage foreclosure The number of foreclosures jumped 81 percent in 2008 Do you want to stop mortgage foreclosure?
How to Stop Mortgage Foreclosure in 2009 by Marcilio David / Finance and Investment community
 
 
 
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