A process in chancery by which all further right existing in a mortgagor to redeem the estate is defeated and lost to him, and the estate becomes the absolute property of the mortgagee; being applicable when the mortgagor has forfeited his estate by non-payment of the money due on the mortgage at the time appointed, but still retains the equity of redemption. 2 Washb. Real … [Read more...]

By foreign laws are understood the laws of a foreign country. The states of the American Union are for some purposes foreign to each other, and the laws of each are foreign in the others. See Foreign laws. … [Read more...]

A forced sale of real property, typically at a public auction after the property has been foreclosed upon and seized by the lender as a result of the borrower defaulting on a mortgage. The property is sold and proceeds used to pay off the outstanding loan. … [Read more...]

evidence. The laws of a foreign country. They will be considered with regard to, 1. The manner in which they are to be proved. 2. Their effect when proved. 2. l. The courts do not judicially take notice of foreign laws, and they must therefore be proved as facts. … [Read more...]

In Scotch law. To forfeit; to lose. … [Read more...]