Sentences with phrase «judicial foreclosure because»

Power of sale foreclosure can occur much more quickly than judicial foreclosure because the trustee vested with the power of sale does not need court oversight to sell the property.

Not exact matches

The bank asked that their appeal be heard because the issue of whether lenders who become owners of residential premises through a judicial process such as foreclosure are responsible for tenants» security deposits arises quite often and the RTDRS therefore had need of a precedent when faced with similar situations in the future.

For New York, is it because it's a judicial foreclosure state and they still have a ton of homes in the foreclosure process?