North Dakota Code 32-19-01 – Action to foreclose mortgage on real estate authorized
Current as of: 2023 | Check for updates
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The plaintiff shall bring an action in district court for the foreclosure of a mortgage upon real property.
Terms Used In North Dakota Code 32-19-01
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.