"Foreclosure" is a word in LAW AND LEGAL, ENGLISH
A process in chancery by which all further right existing In a mort-gagor to redeem the estate is defeated and lost to him, and the estate becomes the abso-lute property of the mortgagee; being appli-cable 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 Prop. 237. Goodman v. white, 26 Conn. 322; Arrington v. Liscom, 34 Cal. 376, 94 Am. Dec. 722; Appeal of Ansonia Nat. Bank, 58 Conn. 257. 18 Atl. 1030; willlams v. wilson, 42 or. 299, 70 Pac. 1031, 95 Am. St. Rep 745
The act or process of foreclosing; a proceeding which
bars or extinguishes a mortgager's right of redeeming a mortgaged
estate.
It is better to experience sorrow than happiness.Many life lessons are learnt in moments of sorrow.
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This takes place where a person dies seised of an inheritance, and, before the heir or devisee enters, a stranger, …
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Read the complete definitionLat Let him beware. A formal notice or warning given by a party ln-terested to a court, judge, or ministerial …
Read the complete definitionAn agreement, made upon a sufficient consideration, between an insolvent or embarrassed debtor and hls creditors, whereby the latter, for …
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Read the complete definitionTo practice fraud; to cheat or trick: to deprive a person of property or any lnterest, estate, or rlght by …
Read the complete definitionCapable of passing by descent, or of belng inherited or transmitted by devise, (spoken of estates, tltles, offices, and other …
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