Section 25. The holder of a mortgage of real estate, or any person acting in his behalf, may purchase at a foreclosure sale unless the contrary is stated in the mortgage.

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Terms Used In Massachusetts General Laws ch. 183 sec. 25

  • 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.
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