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power of sale

The clause included in a mortgage or deed of trust that provides the mortgagee (or trustee) with the right and power to advertise and sell the property at public auction if the borrower is in default.

Related information about power of sale:
  1. Power of Sale - Legal Dictionary - The Free Dictionary
    A clause commonly inserted in a mortgage and deed of trust that grants the creditor or trustee the right and authority, upon default in the payment of the debt, ...
  2. Foreclosure - Wikipedia, the free encyclopedia
    Foreclosure by power of sale, also known as nonjudicial foreclosure, is authorized by many states if a power of sale clause is included in the mortgage or if a ...
  3. Power Of Sale Definition | Investopedia
    A clause written into a mortgage authorizing the mortgagee (lender) to sell the property in the event of default, in order to repay the mortgage debt.
  4. Foreclosure by Power of Sale - FindLaw
    Foreclosure by power of sale involves the sale of the mortgaged property by the mortgage holder (usually a bank or other lender), not through the supervision of ...
  5. Power Of Sale: Definition from
    Clause, sometimes inserted in mortgages or deeds of trust, which grants the lender (or trustee) the right to sell the property upon certain default.
  6. Power of Sale clause | LII / Legal Information Institute
    Most deed of trust mortgages include a power-of-sale clause. This clause allows the trustees in deed of trust mortgages to do non-judicial foreclosures on ...
  7. Title 14, §6203-A: Power of sale; procedure; notice; form
    Title 14, §6203-A POWER OF SALE; PROCEDURE; NOTICE; FORM; Any holder of a mortgage on real estate that is granted by a corporation, partnership, ...
  8. What Is a Power of Sale Foreclosure? |
    If you have a power of sale provision in your mortgage contract, the lender can foreclose without going to court.