Colorado Springs Colorado Judgment Foreclosing Mortgage and Ordering Sale
Category:
State:
Multi-State
City:
Colorado Springs
Control #:
US-02647BG
Format:
Word;
Rich Text
Instant download
Description
A judicial foreclosure is one 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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