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 ?
It is true that the limited POA expressly disclaimed MTGLQ's authority to 'foreclose delinquent Mortgage Loans or otherwise enforce rights under such Mortgages and the related Mortgage Note in [JPMorgan]'s name.' ...
15, 2016, the United States filed the instant Complaint, seeking to "foreclose the federal tax liens against certain real properties with respect to Lewis Carter's tax and penalty liabilities" for the tax years 1997-2000, 2002-2006, and 2008-2009.
In court, PSW argued that, as a mezzanine debt holder, it had the right to foreclose on what it owned of ST/PCV equity.
Here, although the austere minimalist stelae foreclose any possibility of sublimation, the changing light of day, the pedestrian's shifting point of view, and the clash between the lithic gray mass of the memorial and the foliage of the Tiergarten across the street can be unexpectedly striking: Light bounces off the bleak, sharp-edged prisms, showing up an Escher-like play of gray on gray.
Although the computer forensic team at Deloitte & Touche recovered many of the deleted draft expert reports, Trigon asked the judge to foreclose AGE from further communication with the experts or to preclude the experts from further participation in the trial.
The appeals court also held that the Civil Rights of Institutionalized Persons Act (CRIPA) that barred federal civil actions by prisoners for mental or emotional injuries without a showing of physical injury, did not foreclose an action for nominal or punitive damages for violations that did not involve a physical injury.
In each domain the function of external instruction is to foreclose dysfunctional options.
Why support for biotech shouldn't foreclose the debate over its moral issues.
Under the loan impairment standard we're going to get a much better measure of the actual impairment when companies have to foreclose and sell the foreclosed asset.
In addition, banks are examining property carefully before they foreclose on it and are sometimes walking away from their collateral to avoid environmental liability.
The ruling which concerns a mortgage deal signed in 1997, for which Bank of Cyprus had a court ruling issued in 2006 ordering the foreclosure of the property, said that the lender was not entitled to send a "type I" notice notification to the borrower informing the latter of its intention to foreclose the property.
It follows, the Gonicks contend, that the Citibank which foreclosed (the 'May' Citibank) lacked legal rights do so because it was not the entity (the 'July' Citibank) which possessed the right to foreclose. We disagree.