Retail Properties for Lease in Hampton East

foreclosure
Legal process by which the lender ends a borrower's interest in the property after the loan is defaulted. a lender may sell a property and keep a proceeds for mortgage and legal costs, using excess proceeds to satisfy other liens or return to a borrower.

brick
Building material made from clay molded into oblong blocks and fired in the kiln.

prepayment penalty
A penalty which the lender may impose on the borrower who pays the loan off before its expected end date.

judgment
The decision of the court or law. If the court decides which the person must repay the debt, the lien may be placed against which person's property.