Judicial mortgage

JUDICIAL MORTGAGE. In Louisiana, it is the lien resulting from judgments, whether these be rendered on contested cases, or by default, whether they be final or provisional, in favor of the person obtaining them. Civ. Code of Lo. art. 3289.

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When provided the opportunity to embrace a plan for judicial mortgage modification in the early years of the foreclosure crisis, the Administration instead relied on voluntary efforts of the servicers to modify mortgages.
The mortgaged pool represents 86 percent* of the total gross book value and are secured by voluntary and judicial mortgages over several thousand properties located primarily in Sicily.