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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.
Equity of Redemption
The right of a mortgagor to redeem their property once the debt secured by the mortgage is fully paid.
Foreclosure Proceedings
Legal processes initiated by lenders to seize and sell property when borrowers fail to repay their mortgage loans.
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