foreclose


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foreclose

(Action to seize property), verb enforceeent of a lien through the judiciary, extinguish rights through the judiciary, extinguish the equity of redemption through the judiciary, remove rights through the judiciary, seize by judicial process, transfer ownership by judicial process, transfer ownership rights by judicial process, transfer title by judicial process
Associated concepts: deed in lieu of foreclosure

foreclose

(Extinguish), verb bar, deprive, destroy equity of redemption, disentitle, divest, forfeit, halt, shut out, stop, terminating rights
Associated concepts: foreclosure opportunity, statute of limmtations, statutory foreclosure, strict foreclosure
See also: arrest, ban, bar, block, clog, condemn, confiscate, deprive, deter, dispossess, halt, hinder, impede, preclude, prevent, prohibit, repossess, seize, stay, stop
References in periodicals archive ?
A blend of informal learning, essentially self-instruction, can work best when formal training and instruction forecloses non-sensical or careless options, as with school efforts to instruct students in human nature and human interdependence.
February sales of condominiums in Worcester numbered 24, while there were 23 petitions to foreclose on condominiums.
Meanwhile, more petitions to foreclose were filed in Massachusetts during the first three quarters of 2007 than during all of 2006, The Warren Group said today.
BOSTON -- It didn't get any easier for thousands of Massachusetts mortgage holders to pay their bills during the first quarter, as petitions to foreclose rose 79.
Many counties experienced more than 100 percent increases in petitions to foreclose in February.
David Singer, who manages a family portfolio of rental buildings believes if DHCR sets a policy, and it has rents go to market, "it will make it easier to foreclose because people will be aware of the upside.
Suffolk County was hit particularly hard, with petitions to foreclose rising 79 percent from 2005 to 2006, and auctions rising 93 percent.
The Appellate Division stated that while it is true that when a debt is secured by a mortgage of the debtor as well as a mortgage of separate properties of guarantors, the failure to obtain a deficiency judgment after the sale of the debtor's property in a foreclosure bars further action to foreclose the guarantor's mortgage; the rule was intended to benefit the mortgagor by requiring that with the computation of any deficiency, the mortgagor would be credited with the value of the property; and by mandating that if the mortgagee fails to secure a deficiency judgment, the proceeds of the sale regardless of the amount shall be deemed to be in full satisfaction of the mortgage debt and no right to recover any deficiency shall exist.
In response, MERS is appealing the decision because as a matter of law, MERS has a right to foreclose either as a note-holder or as an authorized agent.
James Kirkland, senior vice president and general counsel for Covad, said: "In its suits against Verizon and BellSouth, Covad alleged that these companies had engaged in concerted campaigns to foreclose competition in the broadband and voice markets in violation of the federal antitrust laws, as well as the Federal Telecommunications Act.
These bills will require homeowners' associations to sue in small claims court for delinquent dues of less than $2500, rather than foreclose on the affected home.