Judicial Foreclosure Law

Judicial foreclosure is a legal process used by lenders to reclaim property when the borrower defaults on their mortgage. Unlike non-judicial foreclosure, which can occur outside the court system, judicial foreclosure requires the lender to file a lawsuit against the borrower. The court then reviews the case, and if the lender proves default, it issues a judgment allowing the property to be sold at auction. This process offers borrowers the opportunity to contest the foreclosure in court, ensuring a more formal legal oversight compared to non-judicial methods.