Foreclosure
id:
foreclosure-178-18330494
title:
Foreclosure
text:
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan. Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law. Usually, a lender obtains a security interest from a borrower who mortgages or
brand slug:
wiki
category slug:
encyclopedia
description:
Legal process where a lender recoups an unpaid loan by forcing the borrower to sell the collateral
original url:
https://en.wikipedia.org/wiki/Foreclosure
date created:
2004-04-14T06:15:33Z
date modified:
2024-09-04T19:04:55Z
main entity:
{"identifier":"Q231710","url":"https://www.wikidata.org/entity/Q231710"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/8/8f/Foreclosedhome.JPG","width":640,"height":480}
fields total:
13
integrity:
16