Enforcing Judgments Against Land: Difference between revisions
From Clicklaw Wikibooks
Enforcing Judgments Against Land (view source)
Revision as of 16:29, 12 October 2018
, 12 October 2018→Foreclosure
Drew Jackson (talk | contribs) |
Drew Jackson (talk | contribs) |
||
Line 12: | Line 12: | ||
=== Foreclosure=== | === Foreclosure=== | ||
[[Mortgages and Foreclosure|Foreclosure]] is a proceeding brought by a creditor who has a mortgage against a property. Usually, a person who borrows money to buy a | [[Mortgages and Foreclosure|Foreclosure]] is a proceeding brought by a creditor who has a mortgage against a property. Usually, a person who borrows money to buy a home has to give the lender a mortgage over the home as security. If the borrower defaults, the creditor can bring a legal action to take the property and, at the same time, get a judgment for the money owed. | ||
=== Enforcement action against land=== | === Enforcement action against land=== |