释义 |
Writ of Seizure and Sale Writ of Seizure and SaleAn order by a court that permits a creditor to take ownership of a property belonging to a borrower and to use law enforcement if necessary to take possession of it. This same order allows the creditor to sell the property once it is seized. Obviously, a writ of seizure and sale is a drastic step, and creditors do not request it unless all other steps have yielded no response. See also: Foreclosure. |