What Does Judicial Foreclosure Mean?
Prediction refers to the process of making a prediction about a property in which the mortgage does not have a sales force clause and, therefore, is presented in court.
- The process of confiscating property through the judicial system is premeditated.
- This type of foreclosure usually occurs when the mortgage bond does not include a sales force clause that legally allows the mortgagee to sell the property in the event of default.
- Judicial confiscation is usually a lengthy process that can take months or years.
Literal Meanings of Judicial Foreclosure
Meanings of Judicial:
By, or according to the court or judge.
Sentences of Judicial
Judicial investigation of these allegations
Synonyms of Judicial
juridical, forensic, judicatory, legal, judiciary, jurisdictive
Meanings of Foreclosure:
When the mortgage lender fails to meet the mortgage payments, take ownership of the secured property.
Sentences of Foreclosure
Help mortgage borrowers in forecasting