{"id":6890,"date":"2019-09-11T14:07:27","date_gmt":"2019-09-11T22:07:27","guid":{"rendered":"http:\/\/trainingpips.com\/?post_type=glossary&#038;p=6890"},"modified":"2019-09-11T14:07:40","modified_gmt":"2019-09-11T22:07:40","slug":"foreclosure","status":"publish","type":"glossary","link":"https:\/\/app.trainingpips.com\/index.php\/glossary\/foreclosure\/","title":{"rendered":"Foreclosure"},"content":{"rendered":"<p class=\"wp-block-paragraph\">The system by which a <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_cdad8f4671f8b195e0bbd57293fa5d08\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/party\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">party<\/a> who has loaned money secured by a mortgage or <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_aa5cc4495f7ba1de6aa8af5b8ef668eb\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/deed-of-trust\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">deed of trust<\/a> on real property (or has an unpaid <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_40a8499768379de76f2ce9bfad032989\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/judgment\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">judgment<\/a>), requires sale of the real property to recover the money due, unpaid interest, plus the costs of <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_7404008965426b419af55c43e3bc5e62\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/foreclosure\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">foreclosure<\/a>, when the debtor fails to make payment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The system by which a <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_cdad8f4671f8b195e0bbd57293fa5d08\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/party\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">party<\/a> who has loaned money secured by a mortgage or <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_aa5cc4495f7ba1de6aa8af5b8ef668eb\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/deed-of-trust\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">deed of trust<\/a> on real property (or has an unpaid <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_40a8499768379de76f2ce9bfad032989\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/judgment\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">judgment<\/a>), requires sale of the real property to recover the money due, unpaid interest, plus the costs of <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"cmtt_7404008965426b419af55c43e3bc5e62\" href=\"https:\/\/app.trainingpips.com\/index.php\/glossary\/foreclosure\/\" data-mobile-support=\"0\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">foreclosure<\/a>, when the debtor fails to make payment.<\/p>\n","protected":false},"author":3,"featured_media":0,"menu_order":0,"template":"","meta":{"footnotes":""},"glossary-categories":[],"glossary-tags":[],"glossary-languages":[],"class_list":["post-6890","glossary","type-glossary","status-publish","hentry"],"post_title":"Foreclosure","post_content":"<!-- wp:paragraph -->\n<p>The system by which a party who has loaned money secured by a mortgage or deed of trust on real property (or has an unpaid judgment), requires sale of the real property to recover the money due, unpaid interest, plus the costs of foreclosure, when the debtor fails to make payment.<\/p>\n<!-- \/wp:paragraph 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