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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

Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
As previously reported, the mortgage and banknote were sold to Nationstar Mortgage in 2014, which prompted it to initiate a second foreclosure of the Anthony's home in March 2014.
While Suffolk County still has the highest foreclosure rate in the state, pending foreclosure cases in Suffolk have fallen by 41 percent since 2015.
Those 624,753 properties with foreclosure filings in 2018 represented 0.47 percent of all U.S.
Foreclosure risk jumped most when students came from middle-income households, but surprisingly, even an increase in college attendance among top-earning households would lead to elevated foreclosures.
The figures in the latest foreclosure report from Property Shark show all five boroughs registered increases in the number of homes scheduled for auction, though Staten Island, the Bronx, and Brooklyn saw numbers skyrocket compared to Q3 2016.
At the very least the defendant will be served with foreclosure documents, or, worse, their property can be sold at a foreclosure sale.
Sales deed data collected by RealtyTrac showed 27% of all properties sold at foreclosure auctions from January through June were purchased by third-party investors, the highest share for the first six months of any year since 2000 -- the earliest national data available.
The delinquency rate represents loans at least one payment past due but not in foreclosure.
"Traditionally, foreclosure filings will bounce back in December, particularly if the holidays are late in the week, like this year, and lenders as well as borrowers are concerned about clearing their financial books going into the new year."
After dropping to some dramatic lows over the winter, the number of foreclosure deeds filed in New Hampshire increased in March, but there still were 23 percent fewer of them than in March 2014, according to the New Hampshire Finance Authority.
The real estate foreclosure crisis that began in 2006 was a global crisis involving multinational financial institutions that devastated families and communities across the globe.
10 July 2014 - California-based real estate information analytics and data-enabled services provider CoreLogic (NYSE: CLGX) has released its May National Foreclosure Report which provides data on completed US foreclosures and foreclosure inventory.
has been practicing and perfecting the art of foreclosure defense, a relatively new area of the law.