What is foreclosure in antitrust?
As a matter of economics, foreclosure is often simply described as the amount of an input covered by a dominant firm’s contract, and often ignores whether the resulting contract was the outcome of an open and competitive process.
What is foreclosure effect?
(cited in 58.)” Foreclosure is defined as denying actual or potential competitors profitable access to a market and is said to be market Page 3 3 distorting if it likely hinders the maintenance of the degree of competition still existing in the market or the growth of that competition and thus has a likely effect that …
What is horizontal foreclosure?
The chapter then turns to horizontal foreclosure, where the monopoly good is sold directly to the end-users, and analyzes recent theories of anti-competitive bundling aimed at reducing competition in the adjacent markets or at protecting the monopoly market.
What is input foreclosure?
Input foreclosure arises where the new entity would be likely to restrict access to the products or services that it would have otherwise supplied if the merger had not taken place. The risk for competition relates to the effects on prices of increases in input costs for rivals on the downstream market.
What is a vertical foreclosure?
DEFINITION: Vertical foreclosure is the exclusion that results when a downstream buyer is denied access to an upstream supplier (Upstream Foreclosure), or when an upstream supplier is denied access to a downstream buyer (Downstream Foreclosure). ‘
What does it mean to foreclose on a loan?
A foreclosure is the legal process where your mortgage company obtains ownership of your home (i.e., repossess the property). A foreclosure occurs when the homeowner has failed to make payments and has defaulted or violated the terms of their mortgage loan.
What is foreclosure in economics?
Foreclosure is a process that begins when a borrower fails to make their mortgage payments. When a home is foreclosed upon, the lender typically repossesses and attempts to sell the house. This happens because mortgage loans are secured by real estate, meaning your home is used as collateral.
What is foreclosure in law?
Introduction. Foreclosure is a catch-all term for the processes used by mortgage-holders, or mortgagees, to take mortgaged property from borrowers who default on their mortgages. Foreclosure, like mortgages generally, is governed by the law of the place where the mortgaged thing is.
What are foreclosure charges?
A foreclosure charge, or prepayment penalty, is the extra amount that lenders charge you for closing the loan before the tenure is over. Many lenders generally have a lock-in period between one to two years, during which you can’t foreclose the loan. If you do, you will have to pay a higher prepayment penalty.
What is foreclosure give an example?
What is Foreclosure? When a homeowner stops paying on a loan used to purchase a home, the home is deemed to be in foreclosure. What this ultimately means is that the ownership of the home switches from the homeowner to the bank or lender that provided the loan. While it’s possible to take out loans to cover the.
What is predatory pricing under competition law?
Predatory pricing is the illegal act of setting prices low to attempt to eliminate the competition. Predatory pricing violates antitrust laws, as it makes markets more vulnerable to a monopoly.
What is a foreclosure?
Her expertise is in personal finance and investing, and real estate. What Is Foreclosure? How Long Does Foreclosure Take? Can You Avoid Foreclosure? What Is Foreclosure? Foreclosure is the legal process by which a lender attempts to recover the amount owed on a defaulted loan by taking ownership of the mortgaged property and selling it.
What are the laws that govern foreclosures?
Each state has laws that govern foreclosures, including the notices that a lender must post publicly, the homeowner’s options for bringing the loan current and avoiding foreclosure, and the timeline and process for selling the property.
What is the foreclosure process in New York?
The foreclosure process derives its legal basis from a mortgage or deed of trust contract, which give the lender the right to use a property as collateral in case the buyer fails to uphold his or her repayment obligation.
What is a strict foreclosure?
Strict foreclosure refers to the procedure pursuant to which the court ascertains the amount due under the mortgage; orders its payment within a certain limited time; and prescribes that in default of such payment a debtor will permanently lose his or her equity of redemption, the right to recover the property upon payment of the debt,…