foreclosure sale
41forced sale — A sale made at the time and in the manner prescribed by law, in virtue of execution issued on a judgment already rendered by a court of competent jurisdiction; a sale made under the process of the court, and in the mode prescribed by law. A sale… …
42forced sale — A sale made at the time and in the manner prescribed by law, in virtue of execution issued on a judgment already rendered by a court of competent jurisdiction; a sale made under the process of the court, and in the mode prescribed by law. A sale… …
43Tax deed sale — A tax deed sale is the forced sale, conducted by a governmental agency, of real estate for nonpayment of taxes. It is one of two methodologies used by governmental agencies to collect delinquent taxes owed on real estate, the other being the tax… …
44sheriff's sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. sheriff s sale …
45Real Estate Short Sale — Any sale of real estate that generates proceeds that are less than the amount owed on the property. A real estate short sale occurs when the lender and borrower decide that selling the property and absorbing a moderate loss is preferable to… …
46nonjudicial foreclosure — The foreclosure of a chattel mortgage under a power of sale granted to the mortgagee by the terms of the mortgage. 15 Am J2d Chat Mtg § 214. The foreclosure of a mortgage or deed of trust, covering real estate, under a power of sale contained in… …
47nonjudicial foreclosure — Foreclosure that proceeds outside of court, under a power of sale clause in a deed of trust. Category: Bankruptcy, Foreclosure & Debt → Foreclosure Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 …
48statutory foreclosure — n: a foreclosure in which a mortgagee or trustee executes a power of sale given in a mortgage or deed of trust and does so in accordance with statutory provisions compare strict foreclosure Merriam Webster’s Dictionary of Law. Merriam Webster.… …
49Decree Of Foreclosure And Sale — A declaration made by a court indicating that a piece of property is to be sold in order to cover outstanding debts. A decree of foreclosure and sale is most frequently used on a mortgaged property, with the proceeds from the sale going to the… …
50Pre-Foreclosure — The status of a property which is in the early stages of being repossessed due to the property owner s inability to pay an outstanding mortgage obligation. Reaching pre foreclosure status begins when the lender files a default notice on the… …
