judicial foreclosure

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judicial foreclosure n. a judgment by a court in favor of foreclosure of a mortgage or deed of trust, which orders that the real property which secured the debt be sold under foreclosure proceedings to pay the debt. The party suing probably has chosen to seek a judicial foreclosure rather than use the foreclosure provisions of the mortgage or deed of trust. Usually this move is made to get a "deficiency judgment" for any amount still owed after the foreclosure sale. In many states (such as California) a foreclosure on the deed of trust limits the recovery to the amount of sale proceeds (sales price minus other debts), so a lawsuit for judicial foreclosure may help the party recover the total money owed to him/her if it was secured by the debtor's real property. (See: foreclosure, mortgage, deed of trust)

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Deed of Trust Deficiency Judgment foreclosure mortgage Scire facias			Basically in Florida, the lender must go to court and wait for it to issue the final judgment on the property; this is also known as a judicial foreclosure. Around the Web Things to Remember when Buying Miami Foreclosures ... by Mark Michael Ferrer / Real estate industry community In judicial foreclosure states, it is usually the judgment of foreclosure and sale that quantifies this sum. Deficiency judgments--a new look by Bergman, Bruce J. / Mortgage Banking 5 million loans being serviced in Florida, 374,134 are in the judicial foreclosure process. Foreclosure Task Force sets out statewide plan by Pudlow, Jan / Florida Bar News			Judicial Administration judicial administrator Judicial admissions judicial antecedent judicial assertion Judicial Assistance judicial assistant judicial authorization judicial branch judicial branch of government judicial charge judicial command judicial comment judicial conclusion Judicial Conference of the United States Judicial confessions judicial contest Judicial conventions judicial decision judicial decision establishing a rule judicial decree judicial department judicial determination Judicial Discretion judicial examination judicial foreclosure judicial forum Judicial Immunity judicial imperative judicial inquiry judicial instruction judicial investigation Judicial misconduct, failure to review evidence Judicial mortgage judicial murder Judicial Notice judicial order judicial order to refrain from an act judicial order to search judicial outcome judicial precedent judicial proceeding judicial proceedings judicial process judicial proclamation judicial pronouncement judicial reconsideration judicial recorder judicial reexamination judicial remark judicial reprimand			judicial decision judicial decision judicial decision judicial decision judicial decision establishing a rule Judicial Decision Support Systems judicial decree judicial department judicial determination Judicial Discipline and Disability Commission Judicial discretion Judicial District Court Judicial Division judicial doctrine Judicial Document Drafting Assistant Judicial duel Judicial Education Program Judicial Education Reference, Information and Technical Transfer Judicial Education/Adult Education Project Judicial Electronic Document and Data Interchange Judicial Enforcement Management System Judicial Ethics Advisory Committee judicial examination judicial examination Judicial Excellence Political Action Committee Judicial execution Judicial execution Judicial execution Judicial execution Judicial Family Institute judicial foreclosure judicial forum Judicial functions of the House of Lords Judicial Hearing Officer Judicial holding Judicial holding Judicial holding Judicial holding Judicial immunity judicial imperative Judicial Information Research System Judicial Information Systems Judicial inquiry Judicial Inquiry and Review Commission Judicial Inquiry Commission on Property Judicial Institute of Jordan judicial instruction Judicial Intern Opportunity Program judicial investigation Judicial Justice of the Peace judicial landmark judicial law judicial law judicial law judicial law Judicial Law Clerk Judicial Magistrate First Class Judicial measures Judicial measures Judicial measures Judicial measures

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