Judicial Foreclosure

Business / Real Estate / Judicial Foreclosure: A method of foreclosing on real property by means of a court-supervised sale. In a judicial foreclosure, there is an appraisal, after which the court determines an upset price below which no bids to purchase will be accepted.

Other Words for Judicial

Judicial Noun Synonyms: legal, judiciary, judicatory, juridic(al), official
Judicial Adjective Synonyms: judgelike, magisterial, impartial, fair
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Foreclosure

Business / Finance / Foreclosure: Financial forecasting is the process of estimating future financial performance. The projected financial performance of a business is measured by using pro-forma financial statements as well as other MORE

Strict Foreclosure

Business / Real Estate / Strict Foreclosure: In a strict foreclosure procedure, after a delinquent borrower has been notified and the proper papers have been filed, the court designates a specific period during which the balance of the default m MORE

Nonjudicial Foreclosure

Business / Real Estate / Nonjudicial Foreclosure: The process of selling real property under a power of sale in a mortgage or deed of trust that is in default. One disadvantage is that the lender cannot obtain a deficiency judgment. Also, some title MORE

Judicial Foreclosure

Business / Real Estate / Judicial Foreclosure: A method of foreclosing on real property by means of a court-supervised sale. In a judicial foreclosure, there is an appraisal, after which the court determines an upset price below which no bids to p MORE

Deed In Lieu Of Foreclosure

Business / Real Estate / Deed In Lieu Of Foreclosure: Voluntarily signing over to a lender the property pledged as collateral on a defaulted loan. It is an alternative to a foreclosure action. Its main disadvantage to a lender is that the deed does not w MORE

Judicial Precedent

Business / Real Estate / Judicial Precedent: In law, the requirements established by prior court decisions. MORE

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