Investor Glossary-judicial foreclosureInvestor Glossary-judicial foreclosureInvestor Glossary-judicial foreclosureInvestor Glossary-judicial foreclosureInsightful stock market charts - Click here
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: covered put, risk management, average price per share, deferred tax, dividends payable, retained earnings, 144a, 1031 exchange, diluted share, reverse mortgage, class C shares, inflation, Zero Cost Collar, FICO score, stock split, ex-dividend, quality assurance, in escrow, limit order, phantom income, annual return, 1035 exchange, APR, irrevocable trust, option premium, deferred revenue, VIX, Key Rate Duration, 401a, real GDP, EBITDA, LIBOR, margin rate, current ratio, stock market close, cancelled check, ex-dividend date, balance sheet, liquidity ratio, required rate of return, FTSE, labor relations, wholly-owned subsidiary, implied volatility, per diem, command economy, debt service coverage, open position, 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
©2004-2015 Investor Glossary - All rights reserved - Terms of Use