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Although federal district courts are theoretically bound by Supreme Court precedents,they sometimes deviate because
Foreclosure
A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments, often resulting in the forced sale of the asset used as collateral.
Default Notice Clause
A provision in a contract that specifies the conditions under which a party is considered in default and the notice that must be given to them.
Foreclosure Action
A legal process by which a lender seeks to recover the balance of a loan from a borrower who has stopped making payments.
Right of Action
The legal right to sue or pursue litigation in order to enforce or defend a right or claim.
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