Judicial foreclosure definition

Judicial foreclosure means a foreclosure of a lot:
Sample 1Sample 2Sample 3
Judicial foreclosure means a foreclosure of a unit:
Sample 1Sample 2Sample 3
Judicial foreclosure means a foreclosure of a lot: 951 (a) for the nonpayment of an assessment; and
Sample 1Sample 2Sample 3

Examples of Judicial foreclosure in a sentence

  • When the use of a property changes from owner-occupied to investment property, the property is remeasured to fair value and reclassified as investment property.

  • Whether a particular document qualifies as the first notice or filing depends on the foreclosure process under the applicable State law at issue:• Judicial foreclosure.

  • Judicial foreclosure is overseen by courts at every step of the procedure.

  • Judicial foreclosure is the most common method used for foreclosing commercial properties.

  • Judicial foreclosure of beneficial interests, powers of appointment, and reserved powers prohibited -- Certain reaches prohibited.

  • Judicial or Non Judicial foreclosure proceedings may not begin until the amount of the delinquent assessments secured by the lien, exclusive of any accelerated assessments, late charges, fees and costs of collection, attorney’s fees, or interest, equals or exceeds one thousand eight hundred dollars ($1,800) or the assessments are more than 12 months delinquent.

  • Judicial foreclosure of beneficial interests, powers of appointment, and reserved powers prohibited; certain reaches prohibited.

  • I., Comment 1024.41(b)(3)-1).Definition of First Notice or Filing: 12 CFR 1024.41 includes certain prohibitions on making the first notice or filing for a judicial or non-judicial foreclosure, and provides borrowers certain protections depending on whether such a notice or filing has been made.Whether a particular document qualifies as the first notice or filing depends on the foreclosure process under the applicable State law at issue:• Judicial foreclosure.

  • Judicial foreclosure proceedings previously averaged 12-15 months, but now averages 3-6 months under a new special regime supporting non-judicial foreclosure.

  • Whether a particular document qualifies as the first notice or filing depends on the foreclosure process under the applicable state law at issue: • Judicial foreclosure.


More Definitions of Judicial foreclosure

Judicial foreclosure means a foreclosure of a lot: 911 (a) for the nonpayment of an assessment;
Sample 1Sample 2
Judicial foreclosure means a foreclosure of a lot: 912 (a) for the nonpayment of an assessment;
Sample 1
Judicial foreclosure means a foreclosure of a Lot for the nonpayment of an Assessment in the manner provided by law for the foreclosure of a mortgage on real property and as further provided in Article 7 hereof.
Sample 1
Judicial foreclosure means a foreclosure of a lot: 913 (a) for the nonpayment of an assessment;
Sample 1
Judicial foreclosure means a foreclosure of a lot: 797 (a) for the nonpayment of an assessment;
Sample 1
Judicial foreclosure. With respect to all or any part of the Real Property, Lender shall have the right in lieu of foreclosure by power of sale to foreclose by judicial foreclosure in accordance with and to the full extent provided by California law. UCC REMEDIES. With respect to all or any part of the Personal Property, Lender shall have all the rights and remedies of a secured party under the Uniform Commercial Code, including without limitation the right to recover any deficiency in the manner and to the full extent provided by California law. APPOINT RECEIVER. Lender shall have the right to have a receiver appointed to take possession of all or any part of the Property and collect rents, if any, with the power to protect and preserve the Property, to operate the Property preceding foreclosure or sale, and apply the proceeds, over and above the cost of the receivership, against the Indebtedness. The receiver may serve without bond if permitted by law. Lender's right to the appointment of a receiver shall exist whether or not the apparent value of the Property exceeds the indebtedness by a substantial amount. Employment by Lender shall not disqualify a person from serving as a receiver.
Sample 1

Related to Judicial foreclosure

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.

  • Eminent Domain means the taking of title to, or the temporary use of, the Project or any part thereof pursuant to eminent domain or condemnation proceedings, or by any settlement or compromise of such proceedings, or any voluntary conveyance of the Project or any part thereof during the pendency of, or as a result of a threat of, such proceedings.

  • Landlord Parties means Landlord and Property Manager and their respective officers, directors, partners, shareholders, members and employees.

  • Judicial Code means title 28 of the United States Code, 28 U.S.C. §§ 1–4001.

  • Court of competent jurisdiction means a federal court, or a state court that entered an order in a child custody proceeding involving an Indian child, as long as the state court had proper subject matter jurisdiction in accordance with this chapter and the laws of that state, or a tribal court that had or has exclusive or concurrent jurisdiction pursuant to 25 U.S.C. Sec. 1911.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Legal Action means and includes any claim, counterclaim, demand, action, suit, counterclaim, arbitration, inquiry, proceeding or investigation before any

  • Court of Appeal means the division of the Supreme Court referred to in section 7(1)(b);

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Speech or language impairment means a communication disorder, such as stuttering, impaired articulation, a language impairment, or a voice impairment, that adversely affects a child’s educational performance.

  • Single Family Property A one-unit residential property.

  • Alternate Judgment means a form of final judgment that may be entered by the Court herein but in a form other than the form of Judgment provided for in this Stipulation.