foreclosure

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foreclosure

The depriving of the right to a property by legal transfer of title, esp. because of failure to maintain mortgage payments.
References in periodicals archive ?
In Section 1, the key characteristics of the mortgage foreclosure crisis are developed, especially the timing and changing composition of the crisis and its extended length, which was well beyond the recession and the recovery and well into the subsequent expansion.
The major developments in residential mortgage foreclosure law have centered in the areas of standing, pleading requirements, court procedures, and consumer protections as reflected by the constituent statutes of the Home Equity Theft Protection Act CHETPA"), and court procedures, each of which will be discussed here.
20) A deficiency decree in a mortgage foreclosure action is left to sound judicial discretion, (21) which may reduce the deficiency established if equitable considerations warrant such reduction, and if the court offers reasons for justifying its reductions.
Chandler, both Worcester Democrats, are supporting legislation to mandate a judicial review before a home mortgage foreclosure could be approved, provide a six-month moratorium on foreclosures involving subprime mortgages and prohibit eviction of tenants when their landlord's property gets foreclosed on.
About UDM Law's Mortgage Foreclosure Defense Clinic Students represent victims of predatory lending practices in federal and state courts to stop homeowners from losing their homes due to foreclosure.
a) Non-payment of this APR and real estate taxes would be the only exceptions to the residential subprime mortgage foreclosure moratorium;
In ABN AMRO Mortgage Group v McGahan (1) the Illinois Supreme Court held that mortgage foreclosure actions are "quasi in rem" proceedings that affect both people and property, not, as previously assumed, "in rem" proceedings that affect property only.
In Cook County in 2007, there were 2,497 two to six-unit apartment buildings that went into foreclosure, according to a Chicago Reporter analysis of mortgage foreclosure filings compiled by the National Training and Information Center, a Chicago-based group that organizes communities around issues of racial and economic justice.
Federal Responses to the Mortgage Foreclosure Crisis, will take place Monday, March 10, 10:45 a.
The systems and governmental organizations of the past are no longer sufficient to address the increasing number of vulnerable properties that are, and have the potential to be, compromised by mortgage foreclosure and then become problem properties," Mr.
She defaulted on the loan and the Apple Valley home later was sold after mortgage foreclosure, officials said.
WASHINGTON -- The Homeownership Preservation Foundation (HPF), an independent national nonprofit dedicated to helping distressed homeowners navigate financial challenges and avoid mortgage foreclosure through its Homeowner's HOPE[TM] Hotline at 888-995-HOPE[TM], announced today that it has received a total of $550,000 this year from NeighborWorks America to support HPF's continued efforts to combat mortgage loan scams.

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