Property, Etc.

Last updated 08-20-2026

California Department of Real Estate

Updated 08-20-2026

Property, Etc.

FORECLOSURE — Procedure whereby property pledged as security for a debt is sold to pay the debt in event of default in payments or terms. FORFEITURE — Loss of money or anything of value, due to failure to perform.

California Department of Real Estate Glossary

California Department of Real Estate · p. 15

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