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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

judicial foreclosure  

Definition 1.

A foreclosure which results from a court action rather than from the power of sale given to a trustee. Judicial foreclosures occur when a trust deed or mortgage deed does not have a power of sale clause, thus compelling the lender to take the borrower to court. This is in contrast to a non-judicial foreclosure, in which a foreclosure can be completed outside the court system.
 
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