Phrases with «judicial foreclosure»

"Judicial foreclosure" refers to a legal process where a lender takes ownership of a property because the borrower has failed to make mortgage or loan payments. In this type of foreclosure, the case is resolved in a court of law, allowing the lender to sell the property to recover the debt. Full definition

foreclosure (parent phrase)
judicial (parent phrase)

judicial foreclosure

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judicial foreclosure state

Sentences with «judicial foreclosure»

The slowdown in foreclosures was most evident in judicial foreclosure states. (realtormag.realtor.org)
Due to judicial foreclosures occurring in several states, longer liquidation times are now becoming the norm and investors may no longer be able to find short sales to invest in. (jeffadams.com)
Many states, however, require lenders to utilize judicial foreclosure in order to take back property, which requires a judge and can take a year or longer. (natlbankruptcy.com)
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Phrases with «judicial foreclosure»

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Sentences with «judicial foreclosure»

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