Real Estate Glossary | What is Judicial Foreclosure??

Q: What is Judicial Foreclosure?

A type of foreclosure process in which a court oversees the sale of a property to repay the outstanding mortgage debt. This is in contrast to non-judicial foreclosure, which does not involve court oversight. In judicial foreclosure, the lender must file a lawsuit and obtain a court order before foreclosing on a property, which can take longer than non-judicial foreclosure process.

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