Concept selected: Foreclosures
- Definition
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A foreclosure is an executive procedure through which the sale of a real estate property is ordered, which was previously covered by a mortgage, due to failure of the debtor to comply with the obligations guaranteed with the mortgage. This is a regulated procedure, through which a goal is to make the value of the real estate property effected to pay unpaid debt in a clear way, usually via public auction.
- Source
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Foreclosure Statistics. Methodology
- Topic
- Statistical operations (links to the Inventory of Statistical Operations)
- Concepts associated
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There are no related concepts