Judicial foreclosure definition

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

Examples of Judicial foreclosure in a sentence

  • Foreclosed junior lienholders do not have a right to redeem the Property after a Judicial foreclosure sale.

  • 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 and any other remedy that might adversely impact any Interest or any property, assets, or interests now or hereafter owned or held by the Company and any additional property contributed to or acquired by the Company, whether real or personal, as well as improvements developed thereon, are expressly prohibited and are unenforceable in all respects.

  • Judicial foreclosure is appropriate where the lender seeks the appointment of a receiver to take control of the property pending the foreclosure and expiration of redemption rights, or where there are priorityissues that need to be resolved.

  • Judicial foreclosure has come under much scrutiny since the most recent housing crisis.161 Much of this criticism is misplaced.

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

  • However, the case selection made was the only selection possible with regard to the factors, which were most important to coincide.

  • The list of benchmark problems is given in Appendix B.• The Whisper covariance data is now supplied in the new ACE covariance file format [8].

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

  • Prior to this activity, standardized ecosystem and species data have not been available because of the lack of access but are now available through the Inter-American Biodiversity Information Network (IABIN).


More Definitions of Judicial foreclosure

Judicial foreclosure means a foreclosure of a lot: 911 (a) for the nonpayment of an assessment;
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.
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.
Judicial foreclosure means a foreclosure of a lot: 797 (a) for the nonpayment of an assessment;
Judicial foreclosure means a foreclosure of a lot: 912 (a) for the nonpayment of an assessment;
Judicial foreclosure means a foreclosure of a lot: 913 (a) for the nonpayment of an assessment;

Related to Judicial foreclosure

  • Foreclosure Event means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

  • Foreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Condemnation means a temporary or permanent taking by any Governmental Authority as the result or in lieu or in anticipation of the exercise of the right of condemnation or eminent domain, of all or any part of the Property, or any interest therein or right accruing thereto, including any right of access thereto or any change of grade affecting the Property or any part thereof.

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

  • Condemnation Proceeds All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.