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  • noun

Words related to foreclosure

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

References in periodicals archive ?
2, 2014) -The basis of the claim was the use of judicial foreclosure.
california's moratorium statute functioned in much the same way as those in judicial foreclosure states.
Even though power of sale foreclosures are permitted in Nevada and California, the states with the highest mortgage foreclosure rates at the present time, judicial foreclosure is the exclusive method of foreclosure in many of the states that have been hardest hit by the subprime crisis: e.
The judicial foreclosure takes five months longer, on average, and imposes additional transactions costs (Pence).
Data on loss rates incurred by PMIs over the period 1980-1986 reveal that a judicial foreclosure requirement and a statutory right of redemption add significantly to mortgage risk.
Residential Mortgage Servicer ratings sector on increased concerns surrounding alleged procedural defects in the judicial foreclosure process.
Two states that follow the judicial foreclosure process had the highest foreclosure inventory rates in December 2015.
Tenders are invited for Judicial Foreclosure Guarantee Reports.
The April numbers indicate that the pig is moving through the python when it comes to deferred foreclosures in judicial foreclosure states," said Daren Blomquist, vice president at RealtyTrac.
48) If the trustee can be relied upon to make this determination--much like the judge in a judicial foreclosure--then as with judicial foreclosure, the existence of a recorded assignment or chain of assignments should be unnecessary to future title examiners.
The Good: Dennis Milligan, the Saline County circuit clerk who decided to refuse money that an ancient Arkansas law allows him to collect, a fee of one-tenth of 1 percent of each judicial foreclosure sale price when, as the statewide daily noted, the clerks serve as commissioners at a property auction.
In the third quarter, the Miami-Fort Lauderdale-Pompano Beach market led the nation in foreclosure filing activity, with 58,624, due in part to Florida's nature as a judicial foreclosure state.
Similarly, if the costs of servicing a delinquent loan are higher in judicial foreclosure states with long timelines, some originators will charge still higher mortgage rates in these states.
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