Identification
None
Definition
Foreclosure is the legal process by which a lender takes possession of a property, generally after the borrower fails to meet the financial obligations outlined in the mortgage agreement. The process usually culminates in the sale of the property, with the proceeds used to pay off the outstanding debt and any associated costs.
Class Relationships
Sub Class Of
Class Hierarchy Visualization
Interactive graph showing class relationships - click on any node to navigate to that class
Additional Information
Metadata
Comment
None
Description
None
Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Deprecated
No
Source and Origin
No source or origin information available