§ 3751 Findings and purpose
§ 3752 Definitions
§ 3753 Applicability
§ 3754 Designation of foreclosure commissioner
§ 3755 Prerequisites to foreclosure
§ 3756 Commencement of foreclosure
§ 3757 Notice of default and foreclosure sale
§ 3758 Service of notice of foreclosure sale
§ 3759 Presale reinstatement
§ 3760 Conduct of sale; adjournment
§ 3761 Foreclosure costs
§ 3762 Disposition of sale proceeds
§ 3763 Transfer of title and possession
§ 3764 Record of foreclosure and sale
§ 3765 Effect of sale
§ 3766 Computation of time
§ 3767 Severability
§ 3768 Deficiency judgment

Terms Used In U.S. Code > Title 12 > Chapter 38A

  • Adjourn: A motion to adjourn a legislative chamber or a committee, if passed, ends that day's session.
  • appropriate committees of Congress: means the congressional defense committees and, with respect to any project to be carried out by, or for the use of, an intelligence component of the Department of Defense, the Permanent Select Committee on Intelligence of the House of Representatives and the Select Committee on Intelligence of the Senate. See
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Commission: means the Commodity Futures Trading Commission established under section 2(a)(2) of this title. See
  • Decedent: A deceased person.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • facility: means a building, structure, or other improvement to real property. See
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • 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
  • Grantor: The person who establishes a trust and places property into it.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Intestate: Dying without leaving a will.
  • Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
  • military construction: as used in this chapter or any other provision of law includes any construction, development, conversion, or extension of any kind carried out with respect to a military installation, whether to satisfy temporary or permanent requirements, or any acquisition of land or construction of a defense access road (as described in section 210 of title 23). See
  • military installation: means a base, camp, post, station, yard, center, or other activity under the jurisdiction of the Secretary of a military department or, in the case of an activity in a foreign country, under the operational control of the Secretary of a military department or the Secretary of Defense, without regard to the duration of operational control. See
  • 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.
  • option: means an agreement, contract, or transaction that is of the character of, or is commonly known to the trade as, an "option" "privilege" "indemnity" "bid" "offer" "put" "call" "advance guaranty" or "decline guaranty". See
  • Oversight: Committee review of the activities of a Federal agency or program.
  • person: import s the plural or singular, and includes individuals, associations, partnerships, corporations, and trusts. See
  • Prosecute: To charge someone with a crime. A prosecutor tries a criminal case on behalf of the government.
  • Secretary: means the Secretary of the Treasury. See
  • Secretary concerned: includes the Secretary of Defense with respect to matters concerning the Defense Agencies. See
  • security: means a security as defined in section 2(a)(1) of the Securities Act of 1933 (15 U. See
  • Testator: A male person who leaves a will at death.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Trustee: A person or institution holding and administering property in trust.