The classic case is someone on the brink of foreclosure . some investors check court records of divorces arrearages ,upcoming bankruptcy proceedings to find such people . 一个经典案例,某人止赎期满,投资者对其离婚欠款的法院纪录进行核对,并发现其破产诉讼即将到来。
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower, who has stopped making payments to the lender, by forcing the sale of the asset used as the collateral for the loan.
Formally, a mortgage lender (mortgagee), or other lienholder, obtains a termination of a mortgage borrower (mortgagor)'s equitable right of redemption, either by court order or by operation of law (after following a specific statutory procedure).