judicial foreclosure

См. также в других словарях:

• judicial foreclosure — A foreclosure in which the foreclosing party files a lawsuit in the county where the real estate is located, seeking a court judgment allowing the property to be sold at a foreclosure sale because the owner has defaulted on mortgage payments. A… …   Law dictionary

• Judicial Foreclosure — 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 the state s courts. If the court confirms that the debt is in default, an auction is held …   Investment dictionary

• judicial foreclosure — Foreclosure of a mortgage or lien by an action, as distinguished from foreclosure by seizure and sale. The function of a judicial foreclosure is to declare judicially the forfeiture for condition broken, to obtain an order for sale, and to… …   Ballentine's law dictionary

• judicial foreclosure — See foreclosure sale …   Black's law dictionary

• judicial foreclosure — See foreclosure sale …   Black's law dictionary

• foreclosure — fore·clos·ure /fōr klō zhər/ n 1: a legal proceeding that bars or extinguishes a mortgagor s equity of redemption in mortgaged real property see also deficiency judgment at judgment, redeem …   Law dictionary

• Foreclosure investment — refers to the process of investing capital in the public sale of a mortgaged property following foreclosure of the loan secured by that property. In real estate, foreclosure is the termination of the [equity] of redemption [Equity of redemption… …   Wikipedia

• judicial — ju·di·cial /jü di shəl/ adj [Latin judicialis, from judicium judgment, from judic judex judge, from jus right, law + dicere to determine, say] 1 a: of or relating to a judgment, the function of judging, the administration of justice, or the… …   Law dictionary

• Foreclosure — For Lacan s psychoanalytic process, see Foreclosure (psychoanalysis). House in Salinas, California under foreclosure, following the popping of the U.S. real estate bubble. Foreclosure is the legal process by which a mortgage lender (mortgagee),… …   Wikipedia

• Foreclosure Filing — The initial legal process of selling a mortgaged property that is in default. When a borrower defaults in making mortgage payments or otherwise fails to fulfill the terms of the mortgage agreement, the lender can enforce its rights through the… …   Investment dictionary

• foreclosure sale — see sale Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. foreclosure sale …   Law dictionary