extinguishing of equity of redemption
Definition
Judicial procedure through which the property rights of a defaulting mortgagor are annulled so that the mortgagee can foreclose on the mortgaged property and sell it.
Popular 'Corporate, Commercial, & General Law' Terms
extinguishing of equity of redemption in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/extinguishing-of-equity-of-redemption.html







