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foreclosures
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The answer FORECLOSURES has 2 possible clue(s) in existing crosswords.
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The word FORECLOSURES is VALID in some board games. Check FORECLOSURES in word games in Scrabble, Words With Friends, see scores, anagrams etc.
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Definitions of foreclosures in various dictionaries:
noun - the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
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Keep reading for additional results and analysis below.
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| Home wreckers in favour of finding love finally for certain in walled vineyard |
| They take the land back in favour of point-to-point around Cork |
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| Apr 19 2017 Irish Times (Crosaire) |
| Oct 22 2014 Irish Times (Crosaire) |
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| To help revive the area, the 30th anniversary project home is in Roxbury, hard hit by these seizures of houses by lenders |
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| Plural form of foreclosure. |
| bForeclosureb is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. |
| The action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments. |
| Foreclosures might refer to |
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| Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan. If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the equitable right of redemption if the borrower repays the debt. While this equitable right exists, it is a cloud on title and the lender cannot be sure that they can repossess the property. Therefore, through the process of foreclosure, the lender seeks to immediately terminate the equitable right of redemption and take both legal and equitable title to the property in fee simple. Other lien holders can also foreclose the owner's right of redemption for other debts, such as for overdue taxes, unpaid contractors' bills or overdue homeowners' association dues or assessments. * The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause and if the sale does not bring enough to pay the existing balance of principal and fees, then the mortgagee can file a claim for a deficiency judgment. In many states in the United States, items included to calculate the amount of a deficiency judgment include the loan principal, accrued interest and attorney fees less the amount the lender bid at the foreclosure sale. |