an act of helpful activity; help; aid: to do someone a service. 2. the supplying or supplier of utilities or commodities, as water, electricity, or gas, required or demanded by the public. 3. the providing or a provider of accommodation and activities required by the public, as maintenance, repair, etc.: The manufacturer guarantees service and parts.
What is foreclosure? Foreclosure is a civil lawsuit in which a bank, mortgage company or other lien holder seeks a court order to sell your property to satisfy a debt. If the court awards judgment to the lender, the lender can have the property sold at auction to pay off the mortgage debt.
Hi, What does pre-foreclosure mean? I know it means that the home is going into foreclosure but does it mean the bank owns it and the seller has already moved? Or does it mean the seller still owns it and the seller is trying to sell the home before it goes into foreclosure? Thanks! It tends to mean that the property is in default, i.e. the owner has not made their required mortgage payment, and the property is going to go to a sheriff sale. The owner (seller) still owns it up until the sheriff sale takes place. 01-08-2008, 09:12 PM.