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judicial foreclosure

A foreclosure which results from a court action rather than from the power of sale given to a trustee. Judicial foreclosures occur when a trust deed or mortgage deed does not have a power of sale clause, thus compelling the lender to take the borrower to court. This is in contrast to a non-judicial foreclosure, in which a foreclosure can be completed outside the court system.

Related information about judicial foreclosure:
  1. Judicial Foreclosure Definition | Investopedia
    Foreclosure proceedings in which a mortgage lacks the power of sale clause. In such an instance, many states require the foreclosure to be processed through ...
     
  2. Judicial foreclosure - Legal Dictionary - The Free Dictionary
    judicial foreclosure n. a judgment by a court in favor of foreclosure of a mortgage or deed of trust, which orders that the real property which secured the debt be ...
     
  3. The difference between judicial and non-judicial foreclosures
    It is important to note that each non-judicial foreclosure state has different procedures. Some do not require a Notice of Default, but start with a Notice of Sale.
     
  4. The Process of Judicial Foreclosure | Home Guides | SF Gate
    A judicial foreclosure requires the lender to first file and win a lawsuit for the right to foreclose. As such, the judicial foreclosure process lasts much longer than a ...
     
  5. Foreclosure - Wikipedia, the free encyclopedia
    Foreclosure by judicial sale, more commonly known as judicial foreclosure, which is available in every state (and required in many), involves the sale of the ...
     
  6. Foreclosure Laws and Procedures By State
    Learn about foreclosure laws and procedures by state and find out which states allow judicial and non-judicial foreclosures.
     
  7. Non-Judicial Foreclosure Process | ForeclosureRadar
    In non-judicial foreclosure states, the right to foreclose and sell the property actually lies with a 3rd party, known as the trustee; who has a fiduciary responsibility ...
     
  8. Judicial Versus Non-Judicial Foreclosure Chart and Description
    A judicial foreclosure is a court proceeding that begins when the lender files a complaint and records a notice in the public land records announcing a claim on ...