MTBC's subsidiary acquired these assets through the closing of a
strict foreclosure agreement with MediGain, which occurred immediately after MTBC's acquisition of 100% of MediGain's senior debt from Prudential Insurance Co, which was collateralized by substantially all of MediGain's assets.
It's been a long way coming for the activists, who were originally a wonkier set within the 15M movement fighting to reform their country's
strict foreclosure law.
Key Bank, National Association: Plaintiff seeks
strict foreclosure on property at 695 A St.
The
strict foreclosure, therefore, is a new action, naming the party omitted in the original foreclosure and offering it that right to redeem--the privilege it would have possessed had it been named in the original foreclosure, but something it was previously denied because of not being included.
Some states permit
strict foreclosure, which grants the lender unconditional title to the mortgaged property in the event of borrower default.
The Addison, Texas, company announced last week in an SEC filing that it has entered into a
strict foreclosure agreement and has officially given up on its Fayetteville Shale properties.
voluntary conveyance, abandonment) or by process of law (including foreclosure proceedings by judicial sale or by power of sale in the loan agreement,
strict foreclosure, foreclosure by entry and possession, by writ of entry, or by publication of notice).
Plaintiff seeks $11,511;
strict foreclosure of real estate contract; quiet title.
