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Foreclosures for sale: Judicial and non judicial processes

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http://www.foreclosuredatabank.com/foreclosures-blog/article...

Submitted by jwbanks 32 months, 6 days, 18 hours ago

In foreclosures for sale, states either follow the judicial or the non judicial modes. The judicial process requires filing of a lawsuit against the defaulter of the loan. The non judicial process is through the deeds of trust and requires notifying the defaulter about the default. The deeds of trust incorporate a clause for power-of-sale, ...

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