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The term you are looking for is foreclosure.
Wiki User
∙ 11y ago
The act of taking away a mortgage is known as mortgage discharge or mortgage payoff. It refers to the process of paying off the outstanding balance on a mortgage loan, thereby releasing the borrower from the obligation to repay the debt. Once the mortgage is discharged, the borrower gains full ownership of the property.
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Which act took away Massachusetts' right to govern itself?
Massachusetts Governing Act.
What were the causes of the rebellion?
The cause was that the government was taking away farmers land because they could not pay their dept. The rebellion scared the government and they stopped taking away farmers properties.
What was the red army's final act in world war ii?
Taking Berlin
What law gave away free land in the west?
Homestead Act
The Indian Reorganization Act of 1934 prohibited .?
The Indian Reorganization Act of 1934 prohibited lands from being taken away. The Act did not require tribes to have a constitution and is commonly known as the Wheeler-Howard Act.
What is the definition of Subduction?
The act of subducting or taking away., Arithmetical subtraction.
What does owner financing homes mean?
The act of financing a home refers to the act of taking out a loan called a mortgage in order to buy a house to live in. Financing can be done through financial institutions like banks.
What is a personal finance mortgage?
A personal finance mortgage is a mortgage that one takes out in a similar manner as a home mortgage, but it is instead for a personal loan they are taking.
What was the act of taking away a person's right to membership in the church?
exocummunication
What do we call the act of taking something away to increase a behavior?
If you take food from a dig who is eatind he will bote you
Your husband passed away you have joint mortgage do you still have to pay mortgage?
yes
What is it called when your voting rights are taken away?
Taking away someone's right to vote is to disfranchisethem.
Should husband and wife both be on mortgage?
The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.The owners of the property must sign the mortgage. A party who is not an owner should not sign the note and mortgage since they would be taking responsibility for paying for property they do not own.
What does taking out a second mortgage mean?
you have two options when you need to pull out money from your property. 1.) cash-out refi- where you pay off the current mortgage and take additional cash with it. 2.) leave the current mortgage alone and taking a second mortgage out for the cash. Second mortgage all so means it is in second place behind the first mortgage
What are the reverse mortgage scams taking place today?
Yes, there are reverse mortgage scams, as well as regular mortgage scams. You need to be careful who does your reverse mortgage, so you do not get scammed
Where can one find information on taking out a second mortgage with companies?
A person can find information about taking out a second mortgage with a company from several different places. Some of these places include Zillow and Bankrate.
What is the verb of robbery?
The verb form of robbery is "rob." It is used to denote the act of taking someone's property unlawfully and taking it away from them by force or threat.
