Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

dismortgage

Read a random definition: appraisal remedy

A quick definition of dismortgage:

Dismortgage is a term used to describe the act of paying off a defaulted mortgage debt by a borrower who does not want to lose their property. It is also known as redemption. This means that the borrower can reclaim their property by paying a specific price. It is important to note that there is a specified period within which the borrower can recover their property after a foreclosure or tax sale by paying the outstanding debt or charges. This is known as statutory redemption. Tax redemption is another form of dismortgage where a taxpayer can recover their property taken for nonpayment of taxes by paying the delinquent taxes, interest, costs, and penalties.

A more thorough explanation:

Definition: Dismortgage refers to the act of paying off a defaulted mortgage debt by a borrower who does not want to lose the property. It is also known as redemption.

Example: John had taken a mortgage to buy a house, but he was unable to make the payments on time. As a result, the bank threatened to foreclose on the property. To avoid losing his home, John decided to dismortgage by paying off the outstanding debt.

This example illustrates how dismortgage or redemption can help a borrower keep their property by paying off the defaulted mortgage debt.

dismission | Disneyland parent

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.