statutory foreclosure

noun

: a foreclosure in which a mortgagee or trustee executes a power of sale given in a mortgage or deed of trust and does so in accordance with statutory provisions compare strict foreclosure

Dictionary Entries Near statutory foreclosure

Cite this Entry

“Statutory foreclosure.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/statutory%20foreclosure. Accessed 5 Nov. 2024.

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