SHOTGUN CHARGE

See dynamite charge. … [Read more...] about SHOTGUN CHARGE

An old custom of the city of Exeter. A mode of foreclosing the right of a tenant by the chief lord of the fee, in cases of non-payment of rent Cowell. … [Read more...] about SHORTFORD

A short period of time, usually less than one year. … [Read more...] about SHORT TERM

A process, authorised in some of the states, to he issued against an absconding, fraudulent, or nonresident debtor, which is returnable within a less number of days than an ordinary writ of summons. … [Read more...] about SHORT SUMMONS

A sale of a home where the proceeds of the sale are less than what the owner owes on the mortgage. Lenders may agree to accept the proceeds of a short sale and forgive the remaining amount owed under the mortgage when the owner clearly cannot meet the debt on the home. In this manner, the lender can avoid a lengthy and costly foreclosure. See also deed in lieu (or foreclosure). … [Read more...] about SHORT SALE