power of sale


Also found in: Legal.

power of sale

A mortgage or deed of trust clause granting the lender the right to sell mortgaged property in the event of a default.

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However, the method of disposing of the hotel brought controversy between the anti-corruption commission and CBK since the latter decided to use its statutory power of sale.
On July 7, 2004, Sun Life, mortgagor of the Vaughan Harvey Property, previously filed and gave public notice of its intent to sell the Vaughan Harvey Property unless the mortgage, principal and interest together with costs of the power of sale were paid by 11:00 a.
Western Union is leveraging the power of Sales Cloud, Community Cloud, Analytics Cloud and App Cloud to automate earlier paper-based processes.
com)-- In this Soundview Live webinar, How to Unleash the Power of Sales Culture, Todd Cohen will demonstrate that if you adopt a sales culture, you'll sell more and sell smarter because you won't every have to sell by yourself.