7 Guam Code Ann. § 24101
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 7 Guam Code Ann. § 24101
- 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.
- Personal property: All property that is not real property.
y action for the recovery of any debt, or the enforcement of any right secured by mortgage on real or personal property, must be in accordance with the provisions of this Chapter. All actions for the foreclosure of a mort- gage or other encumbrance upon real estate must be brought in the Superior Court.
SOURCE: CCP § 726 as amended by P.L. 9-256, effective 1/8/1969.