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Foreclosure

Related Terms:

antiforeclosure property rentback default mortgage distressed proceeding payment foreclosing robo signing nonforeclosure foreclosures regain robo signer collateral creditor preforeclosure

Definitions:

Noun

foreclosure

Definition: the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default

Definition: the proceeding, by a creditor, to regain property or other collateral following a default on mortgage payments

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