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.
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References in periodicals archive ?
By foreclosing them, you are hurting the family that lives there.
244, s.s.11-17C, and that when a foreclosing mortgagee fails to so comply, the resulting sale is 'wholly void.' ...
Florida courts permit foreclosure actions without the original note where the foreclosing party submits sufficient evidence of the mortgage's previous assignments or transfers under Uniform Commercial Code (UCC) section 3-309, governing the enforcement of lost, destroyed or stolen instruments, such as promissory notes.
Jeff Merkley, D-Ore., said HAMP is a "colossal disappointment" and proposed a half-dozen ways to improve on the program, including boosting the housing market with a permanent tax credit for first-time buyers; helping homeowners refinance their mortgages based on current interest rates and values; stopping the "dual track" that has mortgage companies foreclosing on a homeowner even as they are considering a mortgage modification; establishing a third-party review prior to foreclosure, and giving bankruptcy judges the authority to modify the terms of home loans.
Bank of America (NYSE: BAC), Citigroup, Inc (NYSE: C) and Wells Fargo (NYSE: WFC) could face fines from regulators for their improper conduct while foreclosing on mortgages.
The senior lending group at Stuyvesant Town and Peter Cooper Village has moved to block a mezzanine lending group from foreclosing on the complex.
In some cases, the communication structure is so broken that even while one arm of a company is foreclosing on a borrower, another is still offering that same borrower a loan modification.
Lenders began foreclosing on 323,102 mortgages, a ratio of one in 358 U.S.
Considering the actions taken by AGE that caused the present spoliation and its uncooperative attitude in attempting remediation when asked to do so by Trigon, that result can be accomplished only by foreclosing AGE's further participation in any aspect of the development and presentation of the expert testimony to be offered by the United States."