foreclose on the loan

foreclose on the loan
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English-russian dctionary of contemporary Economics. 2014.

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  • foreclose — fore‧close [fɔːˈkləʊz ǁ fɔːrˈkloʊz] verb 1. [intransitive] BANKING PROPERTY FINANCE if a bank or building society forecloses, it takes possession of someone s property because they have failed to pay back an agreed part of a loan …   Financial and business terms

  • foreclose — fore·close /fōr klōz/ vb [Anglo French forclos, past participle of foreclore to preclude, prevent, from fors outside + clore to close] vt: to subject to foreclosure proceedings vi: to foreclose a mortgage or other security interest compare… …   Law dictionary

  • Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets …   Wikipedia

  • Hard money loan — A hard money loan is a specific type of asset based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional… …   Wikipedia

  • Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… …   Wikipedia

  • Title insurance in the United States — is indemnity insurance against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of… …   Wikipedia

  • Max Havoc: Curse of the Dragon — Directed by Albert Pyun Produced by John F.S. Laing Yoram Barzilai Melissa Ciampa Written by Irina Diether (screenplay) Starring …   Wikipedia

  • nonrecourse loan — A loan for which no partner or related person bears the economic risk of loss. For example, if a partnership fails to repay a nonrecourse loan, the lender has no recourse against any partner except to foreclose of the assets used to secure the… …   Financial and business terms

  • Air Loan — A mortgage fraud scheme in which a mortgage broker invents a property and a borrower in order to earn profits on completed loan transactions by defrauding lenders. Since the borrower is not real, the broker may set up a system of phone banks and… …   Investment dictionary

  • Triggering Event — 1. A tangible or intangible barrier or occurrence that, once breached or met, causes another event to occur. Triggering events are written into contracts to prevent or ensure that after a given occurrence, the terms of the original agreement are… …   Investment dictionary

  • Home Affordable Modification Program — The Home Affordable Modification Program, also known as HAMP, is a federal program of the United States, set up to help eligible home owners with loan modifications on their home mortgage debt. It is being set up in the context of the ongoing… …   Wikipedia


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