Strict Foreclosure

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A decree that orders the payment of a mortgage of real property.

A strict foreclosure decree sets out the amount due under the mortgage, orders it to be paid within a particular time limit, and provides that if payment is not made, the mortgagor's right and equity of redemption are forever barred and foreclosed. If the mortgagor does not pay within the time designated, then title to the property vests in the mortgagee without any sale thereof.

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foreclose foreclosure Secured Transactions			If the court decides to vacate you in either a strict foreclosure or foreclosure by sale, then you will have a date set by which you need to be out of the house and off the property. Important Things to Know About Foreclosure by Eric Badgely / Real estate industry community Under strict foreclosure, when a mortgagor defaults, a court orders the mortgagor to pay the mortgage within a certain period of time. Taking over Payments on A Foreclosure by Dave Jackson / Finance and Investment community At the opposite end of the spectrum, the lender may decide to keep the collateral as repayment for the debt; this is called strict foreclosure. Security Agreements Getting Down to Brass Tacks by Mark Warner / Law community			strengthening strengthful strengthless strenuous strenuous effort strenuousness strenuus strepitus stress stressed stretch stretch a point stretch out stretch the meaning stretch the truth stretch too far stretchable stretched stretching strew stricken strict strict construction strict control strict disciplinarian Strict Foreclosure strict honesty strict inquiry strict interpretation strict isolation Strict Liability strict meaning strict order strict procedure Strict Scrutiny strict search Strict settlement Strictissimi juris strictly strictly defined strictly honest strictly to the letter strictness Strictum jus stricture stridulous strife strike strike a balance strike a bargain strike a light			strickle Strickler strickles Strickless Stricknine Stricknine Stricknine Stricnine Stricnine Stricnine STRICOM strict strict strict strict Strict 2-Phase Locking Strict Access Criterion Strict avalanche criterion Strict avalanche criterion Strict confidence Strict confidence Strict confidence Strict confidence Strict construction Strict constructionism strict constructions strict control Strict Criteria Sperm Morphology Analysis strict disciplinarian Strict evaluation Strict Foreclosure Strict hand strict honesty Strict iambic Strict iambic Strict inequality Strict inequality Strict inequality strict inquiry strict interpretation strict isolation Strict liability Strict liability Strict liability strict meaning Strict Minimum Message Length Strict Optical Orthogonal Code Strict order Strict order Strict partial ordering Strict Priority Queuing strict procedure Strict Round-Robin Strict scrutiny Strict Scrutiny Test strict search Strict Sense Non-Blocking Strict Sense Stationary Source Strict settlement Strict Source and Record Route Strict subset

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