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overview
 Foreclosure Overview @ Wikipedia
Foreclosure is the legal and professional proceeding in which a mortgagee, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption.
Usually a lender obtains a security interest from a borrower who mortgages or pledges an asset like a house to secure the loan.
If the borrower defaults and the lender tries to repossess the property, courts of equity can grant the borrower the...
preview:
http://en.wikipedia.org/wiki/Foreclosure
05/2001/2009
Tags: foreclosure-overviews
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