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Foreclosure is the legal proceeding in which a mortgagee, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption

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Foreclosure by power of sale, which is also allowed by many states if a power of sale

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Foreclosure by judicial sale, more commonly known as Judicial Foreclosure.

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The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property

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