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That's because when a loan is rescinded, the lender must give up its security interest in the home — and without a security interest, the lender cannot foreclose.
It means the lenders cannot foreclose and take control of the gambling operation but also that Foxwoods probably doesn't qualify for Chapter 11 — a conundrum that Butera described as "sort of like being stuck in no man's land" and one that financial backers of Indian casinos apparently did not foresee until Foxwoods tanked.
Because the land is held in trust by the tribe, it is impossible to get a mortgage on the reservation, where banks cannot foreclose, so young couples often add a room onto a family home, and houses grow into haphazard hugeness.
The problem is that Fischer and Ravizza do not (and perhaps cannot) foreclose a kind of manipulation whereby part of the way the agent is manipulated is by way of causing all of the subjective processes through which she takes responsibility for the mechanisms of her actions (see, e.g., McKenna, 2000; Mele, 2000; Stump, 1996b, and 2002; and D. Zimmerman, 2002).
If that documentation doesn't exist, the trust does not hold title on the loan and therefore cannot foreclose.
Although Mr. X has already lost all of his money, he will fight to "get paid" because the bank cannot foreclose.
Similar(51)
"While the possibility of compromise cannot be foreclosed," the report released today concluded, "our analysts have found no evidence of compromise".
Yet the trajectory of change in the context of mixed logics is necessarily uncertain, and other hybrid futures cannot be foreclosed.
"An accused person cannot be foreclosed... from considering the issuance of a simple and unequivocal denial — free from overall defamatory triggers or contextual themes," Mastroianni wrote.
California cannot afford to further foreclose college opportunity to low-income youth and continue to believe that its future can be bright.
That can be particularly true because sales of homes that have been foreclosed, or are about to be foreclosed if they cannot be sold quickly, are made by sellers who are in no position to wait for better prices.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com