0 the action of taking back property that was bought with borrowed money because the money was not being paid back as formally agreed, or an example of this: --
1 the act of taking back property that was bought with borrowed money because the money was not being paid back as agreed: --
Again, what happens to the tenant when he is moved out, after foreclosure?
My only criticism is that the provisions should be extended to foreclosure proceedings.
Likewise, when one reads of one case of a man waiting for foreclosure of properties, which may or may not be right.
There is an intervening period, and then numerous problems arise, involving foreclosures on mortgages and so on.
It would be bad at any time, but it is especially bad now, given the trend in mortgage arrears, foreclosures and repossessions.
He is simply in the position of a mortgagee who has a right of entry for foreclosure in case of non-payment.
It is understood that the foreclosure order had been obtained by the mortgagee before the original hiring agreement was entered into.
If the mortgage lender obtains, having proved fraud in court, an order for possession or foreclosure, income support mortgage interest payments cease to be payable.
