In Rem


Definition of "In rem"

Steve Haigler & Liz Millsaps Haigler
  5 Points Realty

Against the thing. A legal term describing proceedings against property in contrast to a proceeding against individual parties. For example, because John has lost his job, he defaulted on his home mortgage payments. Therefore, that bank providing the mortgage began a court action seeking a foreclosure in rem against the John home.


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