Русско-англо-русский юридический словарь

NOTICE IS HEREBY GIVEN THAT an action has been or will be commenced in this Court upon complaint of the abovenamed Plaintiff against the above-named Defendant(s) for the foreclosure of a certain mortgage of real estate given by Laurie P. Lynch to Regions Bank d/b/a Regions Mortgage dated July 28, 2011 and recorded on August 4, 2011 in Book 1699 at Page 1210, in the Richland County Registry (hereinafter, “Mortgage”). (Columbia Star)

Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower, who has stopped making payments to the lender, by forcing the sale of the asset used as the collateral for the loan. (Wikipedia)

Non-judicial foreclosures happen when a mortgage agreement has a "power of sale" clause that gives the lender the right to foreclose on a property by itself. Without that clause, the lender has to take the borrower to court in order to foreclose. (InvestingAnswers)

The foreclosure pain hit record levels in March of last year, when 15,475 residential property owners went into foreclosure. (Longman Dictionary of Contemporary English)