F

To shut out; to bar. Used of the process of destroying an equity of redemption existing in a mortgagor. … [Read more...] about FORECLOSE

A jurisdiction beyong the borders of the current place, e.g. another county, another state or another country. … [Read more...] about FOREIGN JURISDICTION

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...] about FORECLOSURE

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...] about FOREIGN LAW

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...] about FORECLOSURE SALE