Alabama Code > Title 35 > Chapter 10 > Article 4 – Foreclosure On Surviving Spouse or Estate of Mortgagor Dying Overseas While On Military Service Active Duty
Current as of: 2024 | Check for updates
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Other versions
| § 35-10-70 | Definitions |
| § 35-10-71 | Initiation of foreclosure proceedings against surviving spouse or estate of certain mortgagors |
Terms Used In Alabama Code > Title 35 > Chapter 10 > Article 4 - Foreclosure On Surviving Spouse or Estate of Mortgagor Dying Overseas While On Military Service Active Duty
- circuit: means judicial circuit. See Alabama Code 1-1-1
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- property: includes both real and personal property. See Alabama Code 1-1-1
- United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1