Investor Glossary-judicial foreclosureInvestor Glossary-judicial foreclosureInvestor Glossary-judicial foreclosureInvestor Glossary-judicial foreclosureInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Judicial Foreclosure

The HTML to link to this page
 

A judicial foreclosure occurs when a lender involves the courts to get a foreclosure on a mortgage or deed of trust. Following a judicial foreclosure is the forced sale or auction of the property so that the debt may be repaid. A judicial foreclosure occurs in lieu of a power of sale: if the deed is lacking a power of sale clause, the lender has no choice but to take the borrower to court and invoke a judicial foreclosure. Once the court has ordered a judicial foreclosure, the value of the property is appraised, and the court determines an upset price which all bids must exceed. Often, a judicial foreclosure is used to get a "deficiency judgment" for any remaining amount after a non-judicial foreclosure. Depending on the state, a judicial foreclosure can be a faster and less expensive method of foreclosure than any alternative method.



Rate this judicial foreclosure definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: FICO score, Key Rate Duration, implied volatility, 144a, required rate of return, class C shares, open position, Zero Cost Collar, ex-dividend date, retained earnings, LIBOR, stock split, EBITDA, ex-dividend, limit order, balance sheet, FTSE, deferred tax, liquidity ratio, 1031 exchange, per diem, deferred revenue, reverse mortgage, cancelled check, stock market close, margin rate, current ratio, diluted share, dividends payable, real GDP, in escrow, risk management, APR, irrevocable trust, command economy, quality assurance, wholly-owned subsidiary, 1035 exchange, option premium, VIX, covered put, labor relations, average price per share, inflation, phantom income, minority interest, 401a, debt service coverage, annual return


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use