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FORECLOSURE SALE [14 records]

Record 1 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
DEF

The statutory period during which a defaulting mortgagor mayrecover property after a foreclosure or tax sale by paying the outstanding debt or charges.(Black's Law Dictionary, 8th Edition, p. 1304)

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

délai de rachat : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
DEF

The legal right of a Mortgagor to redeem the property after it has been sold at a Foreclosure Sale.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

droit de rachat d'origine législative : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 2

Record 3 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
CONT

The Court also distinguished between the legal right of redemption in foreclosure proceedings and a borrower's contractual right to reinstate a defaulted loan. By law, a defaulting borrower in foreclosure is entitled to redeem his or her property by paying the entire principal and interest due before confirmation of the sheriff's sale. When that happens, the lender has a legal duty to dismiss the foreclosure proceedings and may not condition that dismissal on payment of attorney fees. This differs from a contractual right to reinstate a loan. In that instance, the borrower typically pays only the amounts needed to make the loan current and continues all future payments on the previously agreed-upon schedule.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

droit de rachat en common law : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 3

Record 4 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
  • Property Law (common law)
OBS

foreclosure : The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
  • Droit des biens et de la propriété (common law)
OBS

action en forclusion ou vente : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 4

Record 5 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
  • Property Law (common law)
OBS

foreclosure : The legal process by which an owner's right to a property is terminated, usually due to default. Typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
  • Droit des biens et de la propriété (common law)
OBS

action en forclusion et vente : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 5

Record 6 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
OBS

foreclosure : A legal proceeding to terminate a mortgagor's interest in property, instituted by the lender(the mortgagee) either to gain title or to force a sale in order to satisfy the unpaid debt secured by the property.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

action en forclusion : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 6

Record 7 2015-05-11

English

Subject field(s)
  • Property Law (common law)
DEF

Literally "to buy back". The act of buying back lands after a mortgage foreclosure, tax foreclosure or sale.

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
DEF

Le rachat d'un bien-fonds après qu'une ordonnance de forclusion ait été prononcée pour défaut de paiement d'une hypothèque ou de taxes, ou après une vente.

Spanish

Save record 7

Record 8 2013-03-06

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

Property is usually sold or conveyed by voluntary alienation, as with a deed or an assignment of lease. Involuntary alienation takes place when property is sold against the owner's will, as in a foreclosure sale or a tax sale.(Reilly, 2nd ed., 1982, p. 22)

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

aliénation non volontaire : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 8

Record 9 2013-02-19

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

The [Iowa Supreme Court] affirmed the trial court's refusal to render a foreclosure decree ordering a sale of the property involved to repay the mortgage held by the plaintiff and pointed out that the Iowa code expressly required the filing of the instrument, the copying of the instrument into the record book, and the indexing of the instrument. Relying on the purposes for the establishment of a system of recordation, the court interpreted the legislative intent as requiring the indexing of an instrument before there could be valid recordation.(Axelrod, Berger and Johnstone, 1971, pp. 552-553).

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

L'expression «inscrire au répertoire» s'emploiera davantage pour indiquer l'inscription d'un nom ou d'un document dans un répertoire donné, tandis que «répertoriage» vise l'action générale de répertorier.

OBS

inscription au répertoire; répertoriage : termes normalisés par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 9

Record 10 2011-09-06

English

Subject field(s)
  • Legal Actions
CONT

The lender is limited to a foreclosure(a quick private sale or a judicial foreclosure along with a deficiency judgment). This is the one authorized action that a secured lender may properly take, and the entire concept is referred to as the one-action rule. If the lender violates the rule, it might find itself unable to proceed against the borrower at all, or at best it will become an unsecured creditor.

French

Domaine(s)
  • Actions en justice
CONT

On demandera des ordonnances pour [...] j) ordonner que, dans les cas où une poursuite autorisée en vertu du sous-alinéa 4.06 i) est intentée, la quittance réputée prévue au paragraphe 11.01 est modifiée de façon à permettre que la poursuite se continue uniquement dans le cas de réclamations non éteintes.

Spanish

Save record 10

Record 11 2011-03-28

English

Subject field(s)
  • Legal Actions
  • Property Law (common law)
CONT

Once the mortgagor has made default in payment of the mortgage debt, the mortgagee is entitled to pursue any or all of his remedies... Hence the mortgagee can at the same time sue for payment on the covenant to pay principal and interest, for possession of the mortgaged estate, and for foreclosure... If the mortgagee realises part of the debt by his action on the covenant, or by sale of part of the property, he must give credit in the foreclosure action for the amount realised, and if, after foreclosure, he proceeds on the covenant, he re-opens the foreclosure.

OBS

action on the covenant: Not to be confused with "action of covenant," which consisted in a claim for damages arising from the breach of a promise made under seal, prior to the Judicature Acts (1873-1875).

French

Domaine(s)
  • Actions en justice
  • Droit des biens et de la propriété (common law)
OBS

action pour violation de covenant : Ne pas confondre avec «action de covenant» et «action en covenant», qui désignent une ancienne action en justice disparue au XIXe siècle qui visait la réclamation de dommages-intérêts pour la violation d'un covenant.

OBS

action pour violation de covenant : terme normalisé dans le cadre du Programme de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 11

Record 12 2003-07-15

English

Subject field(s)
  • Property Law (common law)
  • Property Law (civil law)
CONT

An action for foreclosure can be brought by any mortgagee of property, whether he is the original mortgagee or an assignee, and whether he is a first or subsequent mortgagee. The effect of a foreclosure order absolute in an action brought by the first mortgagee is to make him the sale owner both at law and in equity, free from any subsequent mortgages...

French

Domaine(s)
  • Droit des biens et de la propriété (common law)
  • Droit des biens et de la propriété (droit civil)

Spanish

Save record 12

Record 13 2003-07-11

English

Subject field(s)
  • Property Law (civil law)
  • Property Law (common law)
DEF

A sale made without the consent or concurrence of the owner of the property by virtue of judicial process, such as a writ of execution or an order under a decree of foreclosure.

French

Domaine(s)
  • Droit des biens et de la propriété (droit civil)
  • Droit des biens et de la propriété (common law)
OBS

vente forcée. Le créancier qui a obtenu jugement contre son débiteur peut faire saisir et vendre [...] les biens meubles et immeubles de son débiteur [...] Dans les ventes judiciaires. Dans les cas [...] d'expropriation.

Spanish

Campo(s) temático(s)
  • Derecho de propiedad (derecho civil)
  • Derecho de propiedad (common law)
Save record 13

Record 14 2003-06-18

English

Subject field(s)
  • Decisions (Practice and Procedural Law)
DEF

A court ruling in a foreclosure proceeding in favor of a lender, given when the security pledge for a loan does not satisfy the debt upon his default, which permits the lender to attach all the borrower's, endorser's, or grantor's assets to pay the difference between the amount owed and the proceeds from the sale of the mortgaged property.

French

Domaine(s)
  • Décisions (Droit judiciaire)
DEF

Jugement condamnant le débiteur hypothécaire ou gagiste, à acquitter la différence entre le montant de sa dette et le produit du bien réalisé.

Spanish

Campo(s) temático(s)
  • Decisiones (Derecho procesal)
Save record 14

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