Judicial Foreclosure Sale

A judicial foreclosure sale is a legal process used to recover money when a homeowner defaults on their mortgage. The lender files a lawsuit in court to get permission to sell the property. If the court approves, the property is sold at a public auction, with the proceeds used to pay off the debt. This process ensures a transparent and lawful sale, protecting the rights of both the lender and the homeowner. It is typically used when the mortgage or deed of trust involves legal procedures that require court oversight.