Chat with us, powered by LiveChat
top of page

Judicial Foreclosure: An Overview


Judicial foreclosure is a process that involves court action. It is used when mortgagors are unable to repay their loans and lenders want to reclaim the property used as collateral for the loan. In this article, we will provide an overview of judicial foreclosure and explain how it differs from non-judicial foreclosures.


Judicial foreclosures begin with the lender filing a lawsuit in court against the borrower who has not made payments on their loan. The purpose of the lawsuit is for the lender to obtain a judgment that gives them legal rights to take possession of and sell the property in order to recover any unpaid debt owed by the borrower. Once a judgment has been issued by a judge, then it can be enforced through various legal means such as garnishment or seizure of assets.




The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.



Our goal is to help you can find a fresh start FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706






Comments


Featured Posts
Recent Posts
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
bottom of page