Categories
Glossary

FORECLOSURE foreclosure

FORECLOSURE | (non-judicial) | a popular term used to describe the procedure followed in enforcing a creditor’s rights when a debt secured by any lien on property is in default; however, the correct term for a “Foreclosure” involving a deed of trust is a “Trustee’s Sale Proceeding.”

[tubepress mode=’tag’, tagValue=’FORECLOSURE foreclosure’]