Definition

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

Foreclosure Statistics. Methodology

Topic

• Security and Justice

Statistical operations

(links to the Inventory of Statistical Operations)

• 30153 - Foreclosure Statistics

Concepts associated

There are no related concepts