2007-07-01 17:22:19 · 9 answers · asked by manzanita 1 in Education & Reference ➔ Homework Help
Forclosure
foreclosure - the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
Repossess
To regain possession of.
To reclaim possession of for failure to pay installments due.
To repossess is to take it back and evict
to Forclose is to take the legal action to resell
the house.
2007-07-01 18:28:02 · answer #1 · answered by LucySD 7 · 0⤊ 0⤋
Foreclosure
2007-07-01 17:25:27 · answer #2 · answered by Sparkles 7 · 0⤊ 0⤋
The bank forecloses on the mortgage or repossesses the house.
2007-07-01 17:35:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
foreclosure. then the house is resold to a buyer for the amount that is still owed on the house.
2007-07-01 17:31:00 · answer #4 · answered by Queen JJ 2 · 0⤊ 0⤋
usually people will "foreclose" the house (foreclosure). repo men, jump in, into these kinda suatitions :]
2007-07-01 17:33:21 · answer #5 · answered by ? 2 · 0⤊ 0⤋
Foreclosure or eviction.
2007-07-01 17:26:59 · answer #6 · answered by Jess 7 · 0⤊ 0⤋
foreclosure
2007-07-01 17:32:20 · answer #7 · answered by USCFAN 1 · 0⤊ 0⤋
I think it's forclosure.
2007-07-01 17:27:51 · answer #8 · answered by Jana B 1 · 0⤊ 0⤋
forclosure, or repossession
2007-07-01 17:44:31 · answer #9 · answered by james p 2 · 0⤊ 0⤋