Definition of To foreclose a mortgager. Meaning of To foreclose a mortgager. Synonyms of To foreclose a mortgager

Here you will find one or more explanations in English for the word To foreclose a mortgager. Also in the bottom left of the page several parts of wikipedia pages related to the word To foreclose a mortgager and, of course, To foreclose a mortgager synonyms and on the right images related to the word To foreclose a mortgager.

Definition of To foreclose a mortgager

To foreclose a mortgager
Foreclose Fore*close", v. t. [imp. & p. p. Foreclosed; p. pr. & vb. n. Foreclosing.] [F. forclos, p. p. of forclore to exclude; OF. fors, F. hors, except, outside (fr. L. foris outside) + F. clore to close. See Foreign, and Close, v. t.] To shut up or out; to preclude; to stop; to prevent; to bar; to exclude. The embargo with Spain foreclosed this trade. --Carew. To foreclose a mortgager (Law), to cut him off by a judgment of court from the power of redeeming the mortgaged premises, termed his equity of redemption. To foreclose a mortgage, (not technically correct, but often used to signify) the obtaining a judgment for the payment of an overdue mortgage, and the exposure of the mortgaged property to sale to meet the mortgage debt. --Wharton.

Meaning of To foreclose a mortgager from wikipedia

- through the process of foreclosure, the lender s****s to immediately terminate (that is, literally foreclose any ****ure use of) the equitable right of redemption...
- countries, the ability of lenders to foreclose is extremely limited, and mortgage market development has been notably slower. A study issued by the UN Economic...
- other obligation in order to redeem the mortgage. If the borrower fails to meet these conditions, the mortgagee may foreclose to recover the outstanding...
- The American subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the 2007–2008 global...
- military members on their home mortgage and accidentally foreclosed on as many as 14 families. Facing pressure from a United States Marine's lawsuit over...
- ****ociated with mortgage notes are very similar to those of bonds: credit risk, i.e., the risk that the borrower will default You will foreclose and get your...
- customers making payments on a mortgage they no longer had and foreclosed on borrowers after promising it would not foreclose. "Mr Cooper Group Inc: Overview"...
- balance. A nonrecourse mortgage is secured only by the commercial property that serves as collateral. In an event of default, the creditor can foreclose on...
- unable to keep up his mortgage payments to Collings. She then decided to foreclose the mortgage, forcing him to s**** Queen Victoria's permission to sell...
- increase could be unaffordable to the borrower, forcing the borrower into default, in which case it could be necessary to foreclose on the property (with substantial...