Concept information
Preferred term
false foreclosures
Definition
- In order to obtain a mortgage, a borrower presents a security interest to a lender. The borrower can pledge a number of acceptable assets, based on the financial lending institution's criteria, with the goal of securing a mortgage loan. [Source: Encyclopedia of White-Collar and Corporate Crime; False Foreclosures]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/false_foreclosures
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