Foreclosure Sale definition

Foreclosure Sale has the meaning set forth in Section 9(c) of the Note.

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Foreclosure Sale means a legal process which allows the City to foreclose and to sell property to liquidate a delinquent lien.

Foreclosure Sale means the legal process of selling real property, which allows the City to foreclose and to dispose of a delinquent lien through notice and sale.

Examples of Foreclosure Sale in a sentence

• At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law.

• If Mortgagee chooses to dispose of Property through more than one Foreclosure Sale, Mortgagor shall pay all costs, expenses or other advances that may be incurred or made by Mortgagee in each of such Foreclosure Sales.

• To the extent that the Lease is extinguished as a result of a Foreclosure Sale, a new lease shall automatically go into effect upon the same provisions as contained in the Lease between Landlord and Tenant, except as set forth in this Agreement, for the unexpired term of the Lease.

• Tenant agrees to attorn to and accept Beneficiary as landlord under the Lease and to be bound by and perform all of the obligations imposed by the Lease, or, as the case may be, under the new lease, in the event that the Lease is extinguished by a Foreclosure Sale.

• M 3rd Party Sale VARCHAR2(7) Y= Sold to a 3rd Party at FC sale N= Sold back to noteholder at FC sale Servicer defined indicator that idenities that the loan was sold to a 3rd Party at Foreclosure Sale N Bankruptcy filed date DATE(MM/DD/YYYY) Actual date that the bankruptcy petition is filed with the court.

More Definitions of Foreclosure Sale

Foreclosure Sale means, with respect to any Loan(s), the actual forced sale of Secured Property at a public auction after judicial foreclosure or equivalent proceeding.

Foreclosure Sale any Changing Orbital Foreclosure Sale or Non-Changing Orbital Foreclosure Sale, as applicable.

Foreclosure Sale means the foreclosure of a Mortgage of a Residential Property pursuant to a power of sale in a mortgage and as described in M.G.L. c. 244.

Foreclosure Sale means any judicial sale or any sale of collateral conducted by a pledgee in exercising its rights under the Uniform Commercial Code.

Foreclosure Sale means the sale of real property to enforce an obligation secured by a mortgage or lien on the property, including the exercise of a trustee's power of sale.

Foreclosure Sale is defined in Section 17.4 of the Lease.

Foreclosure Sale means the foreclosure of a mortgage by sale of property pursuant