(n.) The act or process of foreclosing; a proceeding which bars or extinguishes a mortgager's right of redeeming a mortgaged estate.
Example Sentences:
(1) There had been speculation in congress that Obama might announce an agreement with the US's largest mortgage brokers over the so-called "robo-signing" scandal, in which bank officials signed foreclosure documents without properly reviewing them.
(2) Picture Detroit today and the images that probably come to mind are of " ruin porn " (the now infamous term for beautifully shot photos of dilapidated buildings); urban exploring (the new craze of creeping around abandoned complexes as seen in Jim Jarmusch's new film Only Lovers Left Alive ) and foreclosure frenzy (there are now nearly 80,000 empty homes to be torn down or fixed up in Motor City).
(3) They conceptualized attitudes toward AIDS, developed items reflecting diffusion, foreclosure, moratorium, and achievement statuses in development, and assessed their relationships to identity and intimacy, while predicting overall that general maturity, as measured by high identity and intimacy, would relate positively to precautionary attitudes toward AIDS.
(4) About 18% of May home sales were foreclosures or short sales, and were sold cheaply: at about a 15% discount.
(5) Discriminant analyses of substance use, across the achievement, moratorium, foreclosure, and diffusion identity statuses, yielded significant functions for each grade comparison (7th to 12th).
(6) Correlations among family dimensions and the identity status scales indicate family factors were related to identity status in the following ways: Little conflict predicted the foreclosure identity status for both sexes.
(7) What matters for competition is, increasingly, “effects” – whether business practices lead to the foreclosure or flight from the market of equally efficient competitors.
(8) As Jonathan Zittrain points out : A document called “Jonathan Zittrain foreclosure of 123 Main St” might be (if I were an EU citizen) ripe for removal as a result under “Jonathan Zittrain”, but not under “123 Main St foreclosure”.
(9) These are people who came of age during difficult economic times, who have watched debt eat holes in their economy and in the US at least have seen waves of foreclosures.
(10) Still, Americans continue to be plagued by massive unemployment, foreclosures, the threat of austerity and economic insecurity while those who caused those problems have more power and profit than ever.
(11) What, how?” Between 2005 and 2007, 67,000 houses went into mortgage foreclosure in Detroit.
(12) It doesn't exactly stretch credulity, however, to recognize that banks provide bonuses to the best producers – whether they produce derivatives, mortgages or foreclosures.
(13) Banks, who hold the great stock of housing because of housing-bust dump of foreclosures, are limiting the supply of foreclosed homes for sale so that there isn't a glut on the market.
(14) I’m just thoroughly disgusted.” ‘It’s elder financial abuse’ Mnuchin, who is also a Hollywood movie producer , earned the nickname “ foreclosure king ” after he purchased distressed mortgages during the financial crisis and evicted thousands of homeowners.
(15) Foreclosure prevention: 75,000 fewer people would receive foreclosure prevention, rental, and homeless counseling services.
(16) Many Hispanic families have been forced to move home because of foreclosures since the collapse of 2008, which in turn would have caused many of them to lose their electoral registration.
(17) Florida has one of the highest rates of foreclosures on its homes, and though Celebration has been less pummelled than many of the state's towns, it is still hurting.
(18) It maintains and even expands all of the worst qualities of the foreclosure crisis – the distance between the owners of mortgages and the servicing companies; the fees that encourage servicers to foreclose; the inability to get far-flung investors to work together to fix mortgages.
(19) The sample was composed of 31 Achievers, 31 Moratoriums, 30 Foreclosures, and 26 Diffusions.
(20) It was found that both genders used the identity statuses (process) comparably, except for foreclosure which characterized males significantly more than females.
Mortgage
Definition:
(n.) A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
(n.) State of being pledged; as, lands given in mortgage.
(v. t.) To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
(v. t.) Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.
Example Sentences:
(1) • This article was amended on 1 September 2014 because an earlier version described Platinum Property Partners as a buy-to-let mortgage lender.
(2) Gross mortgage lending stood at £7.9bn in April compared with £8.7bn in March and a six-month average of £9.9bn.
(3) "We have concerns that a potential buyer looking at a property may not value the improvements carried out under Green Deal and may not want to pay for them," a mortgage industry source told the Observer .
(4) The Guardian has a mortgage advice service, provided by London & Country
(5) Santander's new mortgage range complements this, putting our relationship with our customers at the heart of our business and ensuring they get the right mortgage for them – one they can afford and which meets their needs."
(6) To comply with these rules, interest is not paid on Islamic savings or current accounts, or charged on Islamic mortgages.
(7) The BBA statistics director, David Dooks, said: "It was no surprise to see the January mortgage figures falling back from December, when transactions were being pushed through to beat the end of stamp duty relief.
(8) The City watchdog said call handlers at Yorkshire, the UK’s second-biggest building society after Nationwide, failed to deal properly with customers who contacted the society about problems paying their mortgage.
(9) One mortgage payer, writing on the MoneySavingExpert forum, said: "They are asking for an extra £200 per month for the remaining nine years of our mortgage.
(10) "Getting a 95% loan to value mortgage lets you speculate on the expected house price increases a lot more than a 75% mortgage," he said.
(11) Childcare carves out a hefty third of household income for one in three families, overshadowing mortgage repayments as the biggest family expenditure .
(12) It’s been widely reported that black people are disproportionately harmed by the mortgage market.
(13) Would I be stupid not to wait another six months or so, to get a 90% mortgage given the cons of Help to Buy?
(14) Data from a sample of completed property sales provided by mortgage lenders, representing about 65%-70% of homes bought with mortgages.
(15) Alternatively, if your mortgage has been going for a few years – and so a reasonable amount of capital has been repaid, you may be able to borrow back up to the value of the original mortgage.
(16) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
(17) Mortgage lenders are failing to follow rules designed to help people avoid repossession, according to a damning report published today.
(18) The main plans include: • a scheme to help buyers secure mortgages of up to 95% loan-to-value.
(19) If Thatcher's government is in part to blame, then Bill Clinton's is even more so; driven by a desire to let every American own their own home, it was Clinton's decision to create the ill-fated sub-prime mortgage system .
(20) For those who can't stump up more than 5% of the agreed price, he suggests guarantor mortgages, such as that offered by Lloyds TSB.