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Phrases with «to complete a foreclosure»

"To complete a foreclosure" means to finalize the legal process of repossessing a property by the lender from a borrower who has defaulted on their mortgage payments. It typically involves the lender taking ownership of the property and selling it to recover the unpaid loan amount. Full definition

Related phrases

Sentences with «to complete a foreclosure»

  • If you live in a power of sale jurisdiction, your mortgage lender can usually complete the foreclosure process in two to three months. (natlbankruptcy.com)
  • This increase in the number of completed foreclosures contrasts with figures from the rest of the year, which had fewer new foreclosures than the same time period in 2010. (rismedia.com)
  • The bottom line is that banks need to complete these foreclosures efficiently to allow for the sale of the home to someone who is willing to invest. (www2.erie.gov)
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