Sentences with phrase «judicial foreclosure action»
Judicial foreclosure action is a proceeding in which a mortgagee, a trustee or another lienholder on property requests a court - supervised sale of the property to cover the unpaid balance of a delinquent debt.
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He has represented special servicers appointed under securitized real estate loan transactions in judicial foreclosure actions, in post-default loan modifications / forbearance agreements, and in numerous single and multiple asset Chapter 11 bankruptcy cases.
Not exact matches
A foreclosure that results from a court action is a judicial foreclosure.
In Massachusetts the primary means on foreclosure is non judicial (no court action).