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foreclose on

    0.01 sec.
foreclose on something
to take the property on which a mortgage is held; to satisfy an unpaid loan by taking ownership of the property put up for security on the loan. If you don't pay, we will be forced to foreclose on your house. The bank foreclosed on our property.


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Blaine said that once it's clear that SECU will foreclose on a property, the credit union moves swiftly to place it with real estate agents who know the community and have experience staging and selling foreclosed properties.
Fannie Mae--the initiator of the most foreclosure proceedings in the state by far--last month said it wouldn't foreclose on homes for loan modifications.
had called for the auction to foreclose on the $25 million mezzanine loan it lent to Stellar Management, headed by Larry Gluck, and Rockpoint Group in 2007.
 
 
 
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