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


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