Nonjudicial foreclosure definition

Nonjudicial foreclosure means the sale of a lot:
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Nonjudicial foreclosure means the sale of a unit:
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Nonjudicial foreclosure means foreclosure under power of sale.
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More Definitions of Nonjudicial foreclosure

Nonjudicial foreclosure means the sale of a lot: 939 (a) for the nonpayment of an assessment;
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Nonjudicial foreclosure means the sale of a lot: 735 (a) for the nonpayment of an assessment; and
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Nonjudicial foreclosure means a foreclosure that proceeds without judicial process.
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Nonjudicial foreclosure means foreclosure under the power of sale foreclosure process under part II.
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Nonjudicial foreclosure means the sale of a Lot for the nonpayment of an Assessment in the same manner as the sale of trust property under Utah Code ▇▇▇. §§ 57-1-19 through 57-1-34 and as further provided in Article 7 hereof.
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Related to Nonjudicial foreclosure

  • Foreclosure means the process culminating in the acquisition of title to a Mortgaged Property in a foreclosure sale or by a deed in lieu of foreclosure or pursuant to any other comparable procedure allowed under Applicable Requirements.

  • 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 Proceeds Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or the Trustee, received in respect of any Foreclosed Property (including, without limitation, proceeds from the operation or rental of such Foreclosed Property) prior to the final liquidation of the Foreclosed Property.