foreclosure sale
31redemption on foreclosure — See redemption; redemption from foreclosure sale …
32Judicial Foreclosure — Foreclosure proceedings in which a mortgage lacks the power of sale clause. In such an instance, many states require the foreclosure to be processed through the state s courts. If the court confirms that the debt is in default, an auction is held …
33judicial foreclosure — Foreclosure of a mortgage or lien by an action, as distinguished from foreclosure by seizure and sale. The function of a judicial foreclosure is to declare judicially the forfeiture for condition broken, to obtain an order for sale, and to… …
34Short sale (real estate) — A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. [http://www.nolo.com/definition.cfm/Term/51715E63 5BC5 4DCE B5E96F71DFF3D5AB/alpha/S/ Short sale (of house) definition at Nolo.com.]… …
35forced sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. forced sale …
36short sale — A sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Short sales usually occur when the homeowner is facing foreclosure. Many lenders will agree to accept the proceeds of a short sale and forgive the… …
37Tax lien sale — A tax lien sale is the sale, conducted by a governmental agency, of tax liens for delinquent taxes on real estate. It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the… …
38Dreams for Sale: Lehigh Acres and the Florida Foreclosure Crisis — Official movie poster for Dreams for Sale Directed by Raymond Schillinger …
39Mortgage Short Sale — The sale of a property by a financially distressed borrower for less than the outstanding mortgage balance due where the proceeds from the sale will be used to repay the lender. The lender then accepts the less than full repayment of the mortgage …
40Deed in lieu of foreclosure — A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The… …
