A judicial foreclosure is a foreclosure which results from a court action rather than from the power of sale given to a trustee. It is a type of foreclosure proceeding used in some states that is handled as a civil lawsuit and conducted under the auspices of a court. Judicial foreclosures occur when a trust deed or mortgage deed does not have a power of sale clause, thus compelling the lender to take the borrower to court. This is in contrast to a non-judicial foreclosure, in which a foreclosure can be completed outside the court system.
Sample Answer To Foreclosure Complaint Ohio
Category:
State:
Illinois
Control #:
IL-01832BG
Format:
Word;
Rich Text
Instant download
Description Illinois Foreclosure Il
Free preview Answer Foreclosure
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