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Foreclosure Vocabulary

Across
Document that transfer ownership of the property from one entity to another.
Documents that will initiate the foreclosure.
The mortgage company has the right to possess the property upon default.
Creates the collateral to the Note, making foreclosure enforceable if borrower defaults.
Conducted when the borrower goes into default; will continue post sale.
The sale amount doesn't satisfy the amount of the loan
The borrower is forcibly removed from the property.
Foreclosure using a Trustee
Down
The legal process by which an owners right to a property is terminated, due to default.
Borrower sues lender
Borrower has the ability to pay what is past due to bring the loan current.
Timeline that has the milestones from default to foreclosure.
Individual that has interest in the property.
Post foreclosure allows the borrower to remain in the property; they can pay all that is due to pay off the loan and redeem the property.
The method of selling the property.