Most significantly, she said, if the value of the pledged assets cannot be maintained, the lender can foreclose.
And it wanted a nondisturb clause guaranteeing that, if the lender foreclosed, it would not be forced to move.
In many financially pressured buildings, the lenders holding loans taken by sponsors on their unsold shares foreclose, taking control of the collateralized units.
Their lender foreclosed on the McAtee family farm.
When the borrower could not repay the loans, the lenders would foreclose on the property.
Hammer later bought the Bulletin, but a lender foreclosed on her equipment, an event that may have been hoped for by her opponents.
In most jurisdictions, a lender may foreclose the mortgaged property if certain conditions - principally, non-payment of the mortgage loan - occur.
If you stop making payments, lenders can repossess your car or foreclose on your house.
When a lender forecloses on a government insured loan, HUD takes possession of the property.
Before the lender could foreclose, a judge would have to establish the fair market value of the property and the size of the debtor's deficiency.