Foreclosing definition

Foreclosing means the process by which a property, placed as security for a real estate loan, is prepared for sale to satisfy the debt if the borrower defaults.

Foreclosing means the process by which a property, placed as security for a real estate loan, is prepared for sale to satisfy a debt if the borrower of the loan defaults.

Foreclosing means the process by which a property, placed as security for a real estate loan, is taken into possession by the lender to satisfy the debt if the borrower defaults.

Examples of Foreclosing in a sentence

• Accordingly, the Foreclosing Governmental Unit recommends that a person who is interested in acquiring property at this auction contact an attorney or an environmental consultant for advice prior to the acquisition of any property that may be contaminated.

• The buyer risks financial loss for any improvements or investments made on purchased property before the delivery of a deed in the event that the Foreclosing Governmental Unit exercises their right to cancel the sale.

• The purchaser accepts the premises in its present "as is" condition, and releases the Foreclosing Governmental Unit and employees and agents from all liability whatsoever arising from any condition of the premises, whether now known or subsequently discovered, including but not limited to all claims based on environmental contamination of the premises.

• The buyer accepts the premises in its present "as is" condition, and releases the Foreclosing Governmental Unit and employees and agents including the Auctioneer from all liability whatsoever arising from any condition of the premises, whether now known or subsequently discovered, including but not limited to all claims based on environmental contamination of the premises.

• If the Foreclosing or Foreclosed Property is not registered, or the registration fee is not paid within thirty (30) days of when the registration or renewal is required pursuant to this section, a late fee equivalent to ten percent (10%) of the Semi-Annual Registration fee shall be charged for every thirty-day period (30), or portion thereof, the property is not registered and shall be due and payable with the registration.

• Thompson, Foreclosing Modifications: How Servicer Incentives Discourage Loan Modifications, 86 Wash.

• Foreclosing liens or security interests pursuant to this Contract or any other Financing Document.

• Foreclosing on homes where homeowners have suffered an involuntary drop in income without evaluating the feasibility of a further HAMP modification is punitive to homeowners already suffering a loss and does not serve the interests of investors.

• Foreclosing or exercising a power of sale, beginning and continuing a judicial action or pursuing self-help remedies will not constitute a waiver of the right to compel arbitration.

• Execution of the Escrow Agreement to cover the Township’s cost of Foreclosing on the Property.

More Definitions of Foreclosing

Foreclosing means the legal process by which the creditor of a title holder of a parcel of property, which has been placed as collateral or security for a financial obligation, seeks to divest the title holder of his rights to the property and have the property sold at a sheriff’s sale to satisfy the debt after the title holder defaults on the aforesaid financial obligation.

Foreclosing means the process by which a property, placed as security for a realestate loan, is prepared for sale to satisfy the debt if the borrower defaults.

Foreclosing means the process by which a property, placed as security for a real estate loan, is being recovered by a mortgagee for default of said loan.