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foreclosing

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.
See: confiscatory


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In general, credit unions appear to be foreclosing on a smaller percentage of their mortgage loans than other financial institutions and are usually taking longer to do it, according to credit union executives and NCUA data.
Knowing the entire process involved in foreclosing properties is helpful too; this can be very advantageous when buying properties.
One source of these properties is when banks are foreclosing upon builders who have not been able to sell their "spec" home.
 
 
 
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