FORECLOSURE
A legal proceeding to enforce a lien on such as a mortgage or deed of trust. The process by which secured property is seized and sold to satisfy a debt. A mortgage or involuntary lien must be sold by a court-ordered sale; a sale under a deed of trust may be either by court action or through a private trustee's sale.
Showing posts with label deed of trust. Show all posts
Showing posts with label deed of trust. Show all posts
Wednesday, June 18, 2008
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