Exact(21)
It advised members not to foreclose in MERS's name.
In this process, the lender agrees not to foreclose if the homeowners simply hand over the deed to their property.
In this transaction, a homeowner simply relinquishes the property, turning over the deed to the bank, in exchange for the lender's promise not to foreclose.
In a forbearance program, a lender agrees not to foreclose on a property and gives a borrower several months' grace from or reduction in monthly mortgage payments.
"They have a mission to put people in homes and keep them in homes," not to foreclose unless other options are exhausted, he said.
MERS appealed and won two years later, although it has asked banks not to foreclose in its name in Florida because of lingering concerns.
Similar(35)
The president added that he did not intend to foreclose "a range of steps" if Iran did not cooperate.
However, the Circuit did not wish to foreclose the result of that potential future lawsuit: :[W]e are not to be deemed as settling, by implication or otherwise, whether the Act affords relief from, or even extends to, the Tribe's land transactions with Maine.
He declined to plead guilty because he did not want to foreclose the death penalty.
In an interview on Sunday, Mr. Koppell, a Democrat from the Bronx, described Mr. Weprin's bill as "a largely cosmetic attempt at publicity" and said that he found it "highly unlikely" that the bill would receive support from a majority of the Council because its members "would not want to foreclose an option that we have".
This way, the insurer is not forced to foreclose, unless it is to its advantage.
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