Register

Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

strict foreclosure

See FORECLOSURE.

strict foreclosure.

A rare procedure that gives the mortgagee title to the mortgaged property - without first conducting a sale -after a defaulting mortgagor fails to pay the mortgage debt within a court-specified period. 0 The use of strict foreclosure is limited to special situations except in those few states that permit this remedy generally.