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foreclosure
(redirected from Mortgage foreclosure)

    Also found in: Legal, Financial, Wikipedia, Hutchinson 0.07 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.
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Less Liquidity: Scenario 1: The greatest common denominators in home mortgage foreclosure are twofold: Loss of income or personal disability.
Locking in the value of your equity in any type of market: second of ... by Weide, Bruce M. / San Fernando Valley Business Journal
Zandi points to some key signs of stess: the personal bankruptcy rate, auto repossession rate on direct loans, mortgage foreclosure rate on conventional mortgages and net charge-off rate on credit cards are all at record highs; the mortgage delinquency rate for mobile homes is just off its record high.
Forget Iraq, it's the economy. (Investments & Finance) by Baum, Caroline / Los Angeles Business Journal
She defaulted on the loan and the Apple Valley home later was sold after mortgage foreclosure, officials said.
ARREST CLAIMS GRANNY ABUSE; WOMAN ACCUSED OF FRAUD by Daily News (Los Angeles, CA)
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