Foreclosure
Law Definitions
Mortgage
A
mortgage is a document that dictates the terms of a loan
used to buy a property and gives the lender some claim to
the property (either ownership or a lien) until the loan
has been paid in full. The lender can take steps to have
the property sold to recover the remaining loan balance if
the property purchaser violates the terms of the loan.
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foreclosure law definitions
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