Foreclosure

Redemption is the legal process by which a creditor to restore the balance of the loan, the borrower's credit payments to vendors will try to stop the sale of assets, which are used in the flag of the loan. Formula (hipotečni), a mortgage or other lien holder acquires the basic amount of the decision, or the mortgage (a mortgage), or the law (procedure laid down by law) only to legal purchase.

In General, a creditor of a client or property security promise. If the creditor, the debtor and the delay of redemption, justice courts in the capital of the debtor, if there is a reason for the debtor to pay a customs debt treasures. Even if you only have a creditor and you're not sure whether to recover successfully. Expropriation to the creditor from recovering from the judiciary, the right to legal and equitable title in fee simple fields and properties. The owner of the other holders of the right to reimbursement may also exclude from backups, other liabilities, such as taxes, final accounts, associations of owners or the assessment or fees after the deadline for the expiry date.

Mortgage loans is a bank or other accession process creditor sells the House, or returns to the property (building), an integral part of that, after the owner of the service providers and clients, called the "mortgage" or "trust" agreement between question. In General, payment notes, attachment to the property secured by a mortgage on the final rupture. This procedure is completed, when the lender to sell the property and keep the mortgage benefits and legal protection insurance and often say that "the limited ready mortgagees mortgage." If the booking and sales, if this substance is not enough that the existing balance, capital and the cost of the procedure for the Elimination of the deficit hipotečni. In many countries, in order to calculate the size of the deficit-solutions in the United States include: debt, interest and fees of legal representatives are less than the amount of the sale prices of lender foreclosure.