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nonjudicial foreclosure |
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nonjudicial foreclosure A foreclosure under a power of sale in a mortgage.It enables the lender to give the appropriate notices required under state law and then sell the mortgaged property to the highest bidder,which could be the lender itself. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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