TERMIUM Plus®

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JUICIO HIPOTECARIO [1 record]

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Filter results by subject field

Alphabetical list of terms

Record 1 2017-05-24

English

Subject field(s)
  • Property Law (common law)
  • Law of Security
  • Loans
DEF

The process by which the holder of a mortgage seizes the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contract.

CONT

Foreclosure results in a loss for the lender and is obviously quite detrimental to the borrower; as a result, it is the last resort. Most of the time, lenders attempt to work with the borrower to come up with a better solution, such as extending the repayment period in order to lower payments.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
  • Droit des sûretés
  • Prêts et emprunts

Spanish

Campo(s) temático(s)
  • Derecho de propiedad (common law)
  • Derecho de cauciones
  • Préstamos
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