In 51% of cases "foreclose on" is used
When this happens, the lender may decide to foreclose on the home.
That's almost an incentive to let the bank foreclose on a house that you vastly overpaid on.
Fourteen months latter they foreclosed on me, and forced me into bankruptcy by insisting on all short payments.
You could tell he believed he was doing the right thing and his client had a legal right to foreclose on the property.
Two things: 1) A gentleman foreclosed on Wells Fargo Bank for not responding to his QWR and then not paying the subsequent fine.
Now, when the alleged mortgage goes into alleged default, they are behind the scenes, pushing the servicer to foreclose on the property.
The create money and introduce it to the economy in the form of loans then can just as easily remove money from the economy by stopping lending, foreclosing on loans and reigning in overdrafts.
In 21% of cases "foreclose in" is used
That is why Freddie can not foreclose in its name.
Fannie, Freddie and Ginnie do not foreclose in their own names.
Fannie, Freddie and Ginnie can not foreclose in their own names.
Holders of notes can't foreclose in judicial states -- owners can.
So, if Fannie insured your mortgage, they will never foreclose in their name.
Keep in mind that Fannie and Freddie are not allowed to foreclose in their names.
There are instances where the servicer, who foreclosed in Ginnie's name, reverts the property back to Ginnie post auction and gives Ginne the money.
In 10% of cases "foreclose upon" is used
Thus, the time for lenders to inform debt-serf peons they are about to be foreclosed upon is nearing.
I am fairly resigned to being foreclosed upon, but have potential buyers to sell prior to any bank action.
In 5% of cases "foreclose under" is used
Then foreclosed under my mother's name and act as though I do not have copies of the approved modification that they act like they never approved or received payments for.
In 3% of cases "foreclose against" is used
There is no reliable system for recording secured interest in property, making it difficult to use property as collateral or to foreclose against such property.
In 3% of cases "foreclose up" is used
What goes on is that the assets of a person who has secured debts will be kept from being foreclosed up until the individual is discharged of her or his financial obligations in a bankruptcy.