extensive foreclosure

English translation: take away someone's property for failing to pay back his loan

01:25 May 7, 2004
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s) / bank acquisition
English term or phrase: extensive foreclosure
a legal term that I need to translate into Hungarian, but I would be happy with a good explanation. Google finds only 20 hits, but none of them really helpful.
Example:
"The rights of the Selling Shareholders in receiving the Excess Recovery shall be perpetual, surviving **extensive foreclosure** or Court procedures."
Csaba Ban
Hungary
Local time: 05:07
Selected answer:take away someone's property for failing to pay back his loan
Explanation:
"extensive" applies to "much [experience, practice]"

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Note added at 30 mins (2004-05-07 01:55:43 GMT)
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Asset Recovery
Asset Recovery Forsyth, Howe, O\'Dwyer, Kalb & Murphy, P.C. represents lenders throughout New York State in asset recovery services. We have an extensive foreclosure practice which includes related ...
www.forsythhowe.com/assetrecovery.htm


report_template11x17_final.indd
[PDF/Adobe Acrobat]
Revitalizing East Central into a Community of Choice © 2004 czbLLC – All Rights Reserved Table of Contents Restatement of Problem Definition and Scope of Work . 1. Executive Summary . 2. ... ... minority households, and faces the impacts of. extensive foreclosure activity. In essence, the downtown and the East ...
www.czb.org/pdfs/czb_ogden_utah.pdf


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Note added at 57 mins (2004-05-07 02:22:23 GMT)
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\"extensive\" does not have any special meaning. In all cases, it refers to much [practice, activities, sales, etc.].

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Note added at 59 mins (2004-05-07 02:24:55 GMT)
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judicial foreclosure
A foreclosure which results from a court action rather than from the power of sale given to a trustee. Judicial foreclosures occur when a trust deed or mortgage deed does not have a power of sale clause, thus compelling the lender to take the borrower to court. This is in contrast to a non-judicial foreclosure, in which a foreclosure can be completed outside the court system.
Selected response from:

atxp (X)
Grading comment
Sain baynu / biyirilla
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
5 +1take away someone's property for failing to pay back his loan
atxp (X)


Discussion entries: 1





  

Answers


29 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
take away someone's property for failing to pay back his loan


Explanation:
"extensive" applies to "much [experience, practice]"

--------------------------------------------------
Note added at 30 mins (2004-05-07 01:55:43 GMT)
--------------------------------------------------

Asset Recovery
Asset Recovery Forsyth, Howe, O\'Dwyer, Kalb & Murphy, P.C. represents lenders throughout New York State in asset recovery services. We have an extensive foreclosure practice which includes related ...
www.forsythhowe.com/assetrecovery.htm


report_template11x17_final.indd
[PDF/Adobe Acrobat]
Revitalizing East Central into a Community of Choice © 2004 czbLLC – All Rights Reserved Table of Contents Restatement of Problem Definition and Scope of Work . 1. Executive Summary . 2. ... ... minority households, and faces the impacts of. extensive foreclosure activity. In essence, the downtown and the East ...
www.czb.org/pdfs/czb_ogden_utah.pdf


--------------------------------------------------
Note added at 57 mins (2004-05-07 02:22:23 GMT)
--------------------------------------------------

\"extensive\" does not have any special meaning. In all cases, it refers to much [practice, activities, sales, etc.].

--------------------------------------------------
Note added at 59 mins (2004-05-07 02:24:55 GMT)
--------------------------------------------------

judicial foreclosure
A foreclosure which results from a court action rather than from the power of sale given to a trustee. Judicial foreclosures occur when a trust deed or mortgage deed does not have a power of sale clause, thus compelling the lender to take the borrower to court. This is in contrast to a non-judicial foreclosure, in which a foreclosure can be completed outside the court system.

atxp (X)
Native speaker of: Native in MongolianMongolian
PRO pts in category: 4
Grading comment
Sain baynu / biyirilla

Peer comments on this answer (and responses from the answerer)
agree  Alfa Trans (X)
3 hrs
  -> Thank you Marju!
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