Mortgage Right

Mortgage Right - Mortgage Right refers to the secured interest a lender holds in a property as collateral for a loan extended to a borrower. This legal right grants the lender the authority to seize and sell the property through foreclosure if the borrower defaults on the loan, subject to specific procedures and regulations set forth by law

Class Information

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Identification

Label (rdfs)
Mortgage Right
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Definition and Examples

Definition
Mortgage Right refers to the secured interest a lender holds in a property as collateral for a loan extended to a borrower. This legal right grants the lender the authority to seize and sell the property through foreclosure if the borrower defaults on the loan, subject to specific procedures and regulations set forth by law
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Deprecated
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