Examlex
A written Supreme Court opinion that,in the absence of a majority opinion,represents the reasoning of most of the justices who side with the winning party is a
Right To Foreclose
The legal right of a lender or mortgage holder to seize property in the event of nonpayment of debt.
Mortgage Loan
A loan secured by the collateral of some specified real estate property, which the borrower is obliged to pay back with a predetermined set of payments.
Default
Failure to fulfill a legal obligation or agreement, typically in the context of a loan or contractual payment.
Down Payment
An initial payment made when something is bought on credit, representing a portion of the purchase price.
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