- redemption on foreclosure
- See redemption; redemption from foreclosure sale.
Ballentine's law dictionary. Anderson, W.S.. 1998.
redemption on foreclosure
Look at other dictionaries:
redemption from foreclosure sale — A statutory right of the mortgagor, junior lienor, or other person interested in the property, to recover the mortgaged property sold on foreclosure by payment of the price paid by the purchaser at the sale, interest, and other charges, and the… … Ballentine's law dictionary
foreclosure — fore·clos·ure /fōr klō zhər/ n 1: a legal proceeding that bars or extinguishes a mortgagor s equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem … Law dictionary
foreclosure — /forklowzhsr/ To shut out, to bar, to destroy an equity of redemption. Anderson v. Barr, 178 Okl. 508, 62 P.2d 1242, 1246. A termination of all rights of the mortgagor or his grantee in the property covered by the mortgage. The process by which a … Black's law dictionary
foreclosure — /forklowzhsr/ To shut out, to bar, to destroy an equity of redemption. Anderson v. Barr, 178 Okl. 508, 62 P.2d 1242, 1246. A termination of all rights of the mortgagor or his grantee in the property covered by the mortgage. The process by which a … Black's law dictionary
redemption — re·demp·tion /ri demp shən/ n: the act, process, or fact of redeeming see also equity of redemption, right of redemption re·demp·tive / demp tiv/ adj Merriam Webster’s Dicti … Law dictionary
Foreclosure investment — refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate, foreclosure is the termination of the [equity] of redemption [Equity of redemption… … Wikipedia
Foreclosure — For Lacan s psychoanalytic process, see Foreclosure (psychoanalysis). House in Salinas, California under foreclosure, following the popping of the U.S. real estate bubble. Foreclosure is the legal process by which a mortgage lender (mortgagee),… … Wikipedia
foreclosure by entry and writ of entry — The remedy in some jurisdictions for enforcing a mortgage by entry and possession by the mortgagee. 37 Am J1st Mtg § 531. Upon a foreclosure by entry and possession after a breach of the condition of the mortgage, and by holding such possession… … Ballentine's law dictionary
redemption — A recovery back of property by payment of money or performance or other condition. A regaining of property taken from one, as under a mortgage, by paying what is due. Miller v Rafterman, 47 Ohio St 141, 156, 24 NE 496. The obtaining of pledged… … Ballentine's law dictionary
foreclosure — In the original inception of the term, a suit to extinguish the equity of redemption. A proceeding in a court of justice, conducted according to legal forms, in and by which a mortgagee, or assigns, or successor, or anyone who has by law… … Ballentine's law dictionary
