<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RRbbEs7mbfjARKIfEfn4I4">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R9noL17x75XO1GZAF9nfsel"/>
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RBlW5OLfCbqfO3PmxrRqwG"/>
  <rdfs:label>Right to Foreclose</rdfs:label>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/R7gzXxHYGOLSEudb6n1QFWm"/>
  <rdfs:seeAlso rdf:resource="https://folio.openlegalstandard.org/R8xw5MnLDaqcc9w1ZHrh0yf"/>
  <skos:definition>The Right to Foreclose is the legal authority granted to a lender to initiate proceedings to take possession of a property used as collateral when a borrower defaults on a loan. This right allows the lender to sell the property in order to recoup the outstanding loan amount, interest, and any associated costs, subject to specific regulations and procedures outlined in the mortgage agreement and applicable law</skos:definition>
</owl:Class>