FAIR-VALUE LAW

By SovConn | June 3, 2015

fair-value law.A statute allowing a credit against a deficiency for the amount that the fair

market value of land exceeds the price at foreclosure. — Also termed fair-value legislation. [Cases:

Mortgages 559(7), 561.7. C.J.S. Mortgages §§ 938, 943, 956.][Blacks Law 8th]

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